Another one bites the dust. On Tuesday, Uniswap Labs—the creator of leading Ethereum decentralized exchange, Uniswap—said that the Securities and Exchange Commission had closed its investigation of the firm without filing charges.
The news echoes announcements in recent days from trading platform Robinhood and NFT marketplace OpenSea, both of which similarly revealed that the American securities regulator had indicated that it was ending its investigations into them.
Uniswap Labs revealed in April 2024 that it had received a Wells notice from the SEC—a typical precursor to enforcement action, and one that many crypto firms have faced in recent years under the leadership of former SEC Chair Gary Gensler.
The SEC (under the previous admin) tried to claim that Uniswap Labs operated an unregistered broker, exchange, and clearing agency, and issued an unregistered security. Those claims have now been dropped.@Uniswap Labs is not a broker. The Uniswap Protocol is not an unregistered… https://t.co/uVPgkN35DT
— Hayden Adams 🦄 (@haydenzadams) February 25, 2025
But Gensler resigned when President Donald Trump took office last month, and his SEC has signaled a much more welcoming approach to regulating crypto in the U.S.
Editor’s note: This story is breaking and will be updated with additional details.
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Source: https://decrypt.co/307679/ethereum-uniswap-sec-drops-investigation
