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SEC Concludes Aave Investigation as Crypto Enforcement Eases 60%
The US SEC has concluded its investigation into the DeFi protocol Aave (AAVE). This marks a significant regulatory development in the crypto sector. Aave's founder, Stani Kulechov, confirmed this on social media, highlighting the efforts made to protect the protocol and the broader DeFi ecosystem.
Key Points
- Stani Kulechov expressed optimism about the future of DeFi following the conclusion of the investigation.
- The completion comes amid increased regulatory pressure on DeFi projects in recent years.
- The SEC under previous chair Gary Gensler had enforced numerous regulations in the crypto space.
- Since 2021, the SEC has eased enforcement actions in over 60% of ongoing crypto cases, indicating a less aggressive stance.
- This shift coincides with Paul S. Atkins' appointment as the new SEC chair under President Trump.
- The AAVE token experienced a minor increase of 1% after the announcement but remains down 52% year-to-date and 72% from its all-time high.
