SEC Closes Investigation Into Uniswap Labs Without Filing Charges
The U.S. Securities and Exchange Commission (SEC) has closed its investigation into Uniswap Labs, the company behind the decentralized exchange Uniswap. This decision follows a Wells notice issued last April that accused Uniswap of operating as an unregistered securities broker and exchange.
Key points:
- Uniswap's executives defended the legality of their operations and pledged to contest the charges.
- The SEC's decision was celebrated by Uniswap, calling it a significant win for the DeFi sector.
- Amanda Tuminelli from the DeFi Education Fund noted that this outcome allows DeFi companies to focus on innovation rather than legal defenses.
- This closure is part of a broader trend, with the SEC dropping investigations into other crypto firms like Robinhood Crypto and OpenSea, and potentially Coinbase.
- The SEC is undergoing a regulatory overhaul following the departure of former Chairman Gary Gensler, with new leadership indicating a shift in approach towards crypto regulation.
The SEC did not provide further comments on the matter.