US SEC Ends Investigation Into Uniswap Labs Without Enforcement Action
The SEC has concluded its investigation into Uniswap Labs without taking enforcement action. This decision follows similar dismissals of cases against other companies like Coinbase and Robinhood.
- Uniswap announced the end of scrutiny on February 25, asserting that the SEC's former claims of operating an unregistered exchange and issuing unregistered securities were unfounded.
- The investigation began in April 2024 under previous SEC Chair Gary Gensler, who had issued a Wells Notice indicating potential enforcement actions.
- The current SEC administration has shifted its approach, closing several active cases against crypto firms recently.
- Uniswap Labs views this decision as a victory for the DeFi sector and appreciates the new leadership's reassessment of pending investigations.
- Following Donald Trump's inauguration, there is a push for regulatory clarity and support for crypto innovation in the US, including an executive order for agencies to collaborate on new legislation.
Several states are also considering adding Bitcoin to their reserves, reflecting a growing trend towards crypto integration in state financial strategies.