US SEC Drops Investigation Into Uniswap Labs, DeFi Sector Celebrates Major Victory
The probe, launched under former SEC Chair Gary Gensler, had accused Uniswap of running an unlicensed exchange and issuing unregistered securities.
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The probe, launched under former SEC Chair Gary Gensler, had accused Uniswap of running an unlicensed exchange and issuing unregistered securities.
Uniswap Labs, the creator behind the largest decentralized trading platform on the Ethereum (ETH) blockchain, announced on Tuesday that the US Securities and Exchange Commission (SEC) has officially closed its investigation into the company without taking any enforcement action.
The United States Securities and Exchange Commission (SEC) has officially closed its investigation into Uniswap Labs, opting to take no further action according to an update issued by Uniswap.
Under President Trump, the U.S. SEC has stopped investigating several crypto and DeFi firms like Coinbase, OpenSea, Robinhood, and now Uniswap Labs.
The US Securities and Exchange Commission (SEC) officially closed its investigation into Uniswap Labs without taking enforcement action, according to a Feb. 25 statement. The investigation, which began over three years ago, centered on allegations that Uniswap Labs operated as an unregistered broker, exchange, and clearing agency and issued an unregistered security.
The SEC dropped its investigation into Uniswap Labs, causing the UNI token to briefly jump while bearish conditions still dominate the market. Despite the volatility, it has been a positive month for the decentralized exchange, as it launched the v4 upgrade and Unichain mainnet this month.
Uniswap celebrated the news on X, calling it a “huge win for DeFi.”
The US Securities and Exchange Commission (SEC) is set to drop its case with Uniswap Labs in what is considered a sustained shift in its pro-crypto agenda. According to an update from Uniswap Labs, the investigation into the case comes with no further action.
Uniswap's creator says that the SEC is closing its investigation without enforcement action, mirroring recent OpenSea and Robinhood moves.
The platform called the move a “huge win for DeFi” after reports have suggested the SEC may be radically changing its approach to crypto enforcement in 2025.
Coinbase and OpenSea recently had their years-long investigations dropped by the SEC as the agency takes a friendlier approach to crypto.
The SEC's decision not to pursue action against Uniswap may signal a more cautious regulatory approach towards decentralized finance platforms. The post SEC drops Uniswap investigation without enforcement action appeared first on Crypto Briefing.
The crypto market remained relatively muted over the weekend as markets steadied themselves after the Bybit hack. Bitcoin (BTC) hovered around $96,000 after falling from a peak of $99,411 to $95,063 before marginally recovering and moving to its current level.
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The shift of trading volume from centralized to decentralized exchanges, marks a potential recovery signal for Uniswap. With new contracts and growing share in the DEX market space, will the market demand for UNI token propel its price to $12?
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UNI approaches key trendline support level as whales eye price reversal for a potential rally to $10.
Pi Network (PI) has shattered records, becoming the largest and most valuable airdrop in crypto history, surpassing Uniswap's (UNI) previous achievement. This development follows the network's mainnet launch and the token's debut on major exchanges, sparking huge excitement in the crypto industry.
The crypto market is showing signs of a recovery after weeks of bearish sentiment. Bitcoin (BTC) is up nearly 2%, reclaiming $97,000 as bullish sentiment returned after weeks of muted price action.
Pi Network (PI) has become the largest and most valuable airdrop in crypto history, surpassing Uniswap's (UNI) previous record.
Uniswap, a top decentralized exchange (DEX), has been facing difficulties in gaining momentum over the past few weeks. Despite its attempts to recover from earlier losses, the token price remains stuck below the $10 mark.