The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Uniswap, marking a significant event for the decentralized finance (DeFi) sector.
Uniswap's Reaction to the SEC Decision
Uniswap Labs sees the case closure as proof that DeFi technologies are legal. The company's CEO, Hayden Adams, expressed relief at the end of the stressful and costly investigation. Other industry leaders view this as a step towards clearer rules for DeFi and Ethereum-based projects.
Impact on UNI's Price
The news positively impacted the price of UNI, which rose by over 3% shortly after the announcement. However, the price later stabilized amid broader market trends. Analysts believe the decision could enhance UNI's long-term prospects and boost investor confidence.
SEC's Changing Stance on Crypto
The Uniswap case is part of a larger shift in the SEC's crypto approach. Under new Acting Chairman Mark Uyeda, the agency has dropped multiple investigations, indicating a more open stance on digital assets. Commissioner Hester Peirce also advocates for clearer rules over strict enforcement.
With the case against Uniswap closed, the platform can now focus on future growth. This marks the start of a new era in DeFi regulation, paving the way for innovation.
