**Title: Uniswap Faces Legal Challenge as VC Firms Receive Subpoenas**
In a recent development, prominent venture capital firms Andreessen Horowitz (a16z) and Union Square Ventures have reportedly received subpoenas from New York authorities concerning their involvement with Uniswap, a leading decentralized trading platform. Sources indicate that these legal proceedings could have significant implications for the trading ecosystem and its stakeholders.
The price of Uniswap’s native token, $UNI, currently stands at $6.5444. Market analysts speculate that the ongoing legal scrutiny could cast a shadow over investor confidence, potentially leading to a decline in token value.
As the situation unfolds, many in the cryptocurrency community are keeping a close eye on its impact on Uniswap and the broader decentralized finance (DeFi) sector. Investors are advised to exercise caution, as developments in this case could lead to increased volatility in the market.