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Feb 25, 2025
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SEC Closes Investigation Into Uniswap Labs Without Filing Charges

1 min

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.