3 months ago
Uniswap celebrated the quality connected X, calling it a “huge triumph for DeFi.”
Feb 25, 2025, 7:09 p.m. UTC
The U.S. Securities and Exchange Commission (SEC) has dropped its probe into Uniswap Labs, the Brooklyn-based institution down the decentralized protocol of the aforesaid name, according to a Tuesday announcement from Uniswap.
Uniswap received a Wells notice — essentially, a heads-up from the regulator informing respondents of the charges the SEC is readying to bring against them — last April, accusing the decentralized speech of operating arsenic an unregistered securities broker and unregistered securities exchange, and of issuing an unregistered security. In consequent blog posts and societal media posts, the institution and its executives defended the legality of Uniswap’s operations and pledged to fight the pending charges.
The institution celebrated the SEC’s determination to driblet the charges, calling it a “huge triumph for DeFi” successful a societal media post.
“We admit that the SEC’s caller enactment is taking a adjacent look astatine the pending enforcement investigations and litigations crossed our industry, not conscionable our own, and has recognized that determination is simply a much effectual way to protecting American consumers. The decision of our probe is not lone invited — and conscionable — alleviation for Uniswap Labs, but besides for the broader DeFi assemblage of builders, users, and developers moving toward a amended fiscal strategy for each of us,” the institution said successful a Tuesday blog post.
Amanda Tuminelli, main ineligible serviceman astatine the DeFi Education Fund, said successful a connection to CoinDesk that the SEC’s determination to driblet the probe into Uniswap Labs “gives DeFi companies further comfortableness to pivot from defending to embracing our close to physique decentralized tech.”
The SEC’s determination to adjacent its probe into Uniswap Labs is the latest successful a question of similarly-dropped investigations into crypto companies, including Robinhood Crypto and non-fungible token marketplace OpenSea. The SEC has besides agreed to driblet its lawsuit against Coinbase, pending support from the agency’s commissioners, according to the crypto exchange.
Read more: SEC Poised to Drop Coinbase Lawsuit Marking Big Moment for U.S. Crypto
The SEC is presently overhauling its attack to crypto regulation. Former Chairman Gary Gensler, known for his alleged “regulation-by-enforcement” attack to the crypto industry, stepped down successful January. His replacement, Acting Chairman Mark Uyeda, has made drastic changes astatine the bureau – including lasting up a caller Crypto Task Force nether the enactment of crypto-friendly Commissioner Hester Peirce and disbanding the Crypto enforcement portion – signaling a caller time for crypto companies successful the U.S.
A typical for the SEC declined to comment.
Cheyenne Ligon
On the quality squad astatine CoinDesk, Cheyenne focuses connected crypto regularisation and crime. Cheyenne is primitively from Houston, Texas. She studied governmental subject astatine Tulane University successful Louisiana. In December 2021, she graduated from CUNY's Craig Newmark Graduate School of Journalism, wherever she focused connected concern and economics reporting. She has nary important crypto holdings.
English (US) 