The SEC has concluded its investigation into Uniswap, deciding not to take further action against the firm.
History of the Investigation
On February 25, Uniswap Labs, the developer of the Uniswap decentralized exchange, announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the firm. The SEC will not take any enforcement action based on the investigation. Uniswap received a Wells notice in April 2024 while the SEC was led by Gary Gensler.
Uniswap's Reaction
Uniswap expressed satisfaction with the investigation's outcome, stating, '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.'
Context and Further Information
At the time of publication, the SEC had not made any official announcements regarding Uniswap. However, the SEC has also previously dropped cases against other cryptocurrency firms, including Coinbase and Robinhood Crypto. Further information will be added as it becomes available.
The conclusion of the SEC's investigation into Uniswap highlights the significance of decentralized technologies and their compliance with contemporary law. This development emphasizes a positive shift in the attitude towards decentralized projects.
