The U.S. Securities and Exchange Commission (SEC) has officially ended its investigation into Uniswap Labs without further action. This news follows a case that began with a Wells Notice in April 2024.
SEC’s Regulatory Shift in Crypto Cases
Uniswap Labs stated that the conclusion of the investigation reaffirms its compliance with legal requirements. The SEC recently dismissed cases against Coinbase and Robinhood, indicating a potential shift in its cryptocurrency enforcement strategy.
Uniswap’s Response to the Case Closure
Uniswap Labs Founder Hayden Adams stated that the platform operates within legal boundaries, criticizing the SEC's actions as an attempt to impose a framework that doesn’t fit. The crypto community largely supported Uniswap's stance.
Impact on UNI Token
Following the SEC update, the UNI token experienced volatility. According to CoinMarketCap, UNI saw a selloff before stabilizing, dropping by 0.1% after initially surging 3%.
The closure of the SEC's investigation into Uniswap Labs may indicate a potential shift in how cryptocurrency regulation is approached. This development has been significant for both the company and the wider community.
