coinspress.com
The SEC has concluded its investigation into Uniswap Labs, marking a surprising shift in its approach to crypto enforcement.
After receiving a Wells notice in April 2024, warning of potential charges related to unregistered securities activities, the decentralized exchange’s parent company challenged the claims, defending its operations as legitimate.
In a major update on February 25, 2025, Uniswap celebrated the end of the investigation, calling it a significant win for decentralized finance (DeFi).
The company credited the new leadership at the SEC for adopting a more balanced stance, one that fosters innovation while still protecting consumers. This closure of the investigation has been seen as a positive signal not only for Uniswap but for the broader DeFi community.
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The SEC’s change of direction follows a wider trend, with other crypto companies like Robinhood, Coinbase, and OpenSea also seeing their cases closed.
Experts suggest that the SEC’s shift away from aggressive enforcement is tied to the departure of former chairman Gary Gensler in January 2025. Industry voices, including former SEC official John Reed Stark, speculate that the agency could soon drop its appeal in the ongoing Ripple case, signaling a broader move towards regulation over litigation.