Uniswap Hires Former Obama Spokesman as Crypto Faces Regulatory Scrutiny

The decentralized exchange Uniswap has made some interesting hires, most recently a media expert with close ties to the US Democrats.

Former Barack Obama spokesman Hari Sevugan has joined the Uniswap Labs team, according to protocol founder Hayden Adams welcome He boarded the ship on October 14th.

This setting could be part of the team’s ongoing efforts to prepare for the stormy weather ahead in the United States.

The Washington insider is best known for his role in the 2008 election campaign for former President Barack Obama. Sevugan will manage communications for Uniswap and assist the company in relationships with new and existing users.

Sevugan says there is “no doubt” that blockchain and cryptocurrency will be part of the future before Add:

“I’m excited to join the excellent team at Uniswap as they are committed to ensuring that we build to unlock the potential of crypto by giving more people responsibility for their financial futures and the value they create.”

This hiring comes at a time when Uniswap and the entire decentralized financial sector are increasingly under scrutiny by US financial regulators and policy makers.

In early September, Cointelegraph reported that the Securities and Exchange Commission had launched an investigation into Uniswap Labs, the company behind the world’s most popular decentralized exchange. At the time, it was reported that enforcement attorneys were seeking more information about Uniswap’s investor and marketing services.

Related: DeFi regulation must not kill the values ​​behind decentralization

In June, the Uniswap community voted for the controversial DeFi Education Fund backed by UNI coffers allocated to education and lobbying initiatives in support of the DeFi sector and to protect against over-regulation.

Sevugan’s role could lead him to work with lawmakers to raise awareness about the DeFi Protocol and the ecosystem.

“Crypto is opaque and intimidating to many outside of it. I want to help more people connect with it by making it easier to understand and understand, ”he said.