In a landmark decision, the U.S. Securities and Exchange Commission (SEC) has reportedly dropped its investigation into Uniswap Labs, the development team behind the leading decentralized exchange, Uniswap. The move, announced on February 25 via an X post from Uniswap, signals a potential shift in the regulatory landscape for decentralized finance (DeFi).
In April, the SEC issued a Wells notice claiming that Uniswap Labs operated as an unregistered broker, operated an exchange, and issued an unregistered security
— Uniswap Labs 🦄 (@Uniswap) February 25, 2025
As of yesterday, that investigation has officially been closed, and the SEC is taking no enforcement action
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Uniswap Cleared: What This Means for DeFi
Uniswap revealed that the SEC has officially concluded its probe and will not be pursuing any enforcement action. The investigation, which began under former SEC Chair Gary Gensler’s leadership, included a Wells notice issued to Uniswap in April 2024.
“This is a huge win for DeFi and reaffirms what we’ve always known – that the technology we build is on the right side of the law, and our work is on the right side of history,” Uniswap stated.
The decision follows similar developments for other major crypto firms. Just days earlier, Coinbase announced that the SEC had decided to close its case against the exchange. Additionally, the regulator’s Enforcement Division has reportedly dropped investigations into Robinhood Crypto and OpenSea, further suggesting a potential change in the SEC’s enforcement strategy.
A Turning Point for Crypto Regulation?
The SEC’s decision to abandon multiple high-profile cases raises speculation about a broader shift in its approach to crypto regulation in 2025. Under Gensler, the commission aggressively pursued enforcement actions against several blockchain firms. However, with increasing legal pushback and uncertainty in regulatory clarity, the agency may be reconsidering its stance.
Also Read: SEC vs. Ripple Lawsuit Update: Shocking New Twist Emerge as OIG Probe Uncovers Potential Bias
For Uniswap and the broader DeFi space, this development boosts confidence in decentralized protocols and their legal standing. With regulatory pressure easing, DeFi projects may see renewed investor interest and increased adoption.
While the SEC has yet to issue an official statement, its actions speak volumes. As regulatory tides shift, the crypto industry watches closely to see what’s next for DeFi’s future.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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