SEC Drops Uniswap Investigation

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The US Securities and Exchange Commission (SEC) yesterday concluded its investigation into Uniswap Labs without taking enforcement action, marking the end of a four-year inquiry.

This decision is viewed as part of a wider trend towards more crypto-friendly regulation under the SEC’s new leadership.

Initiated in 2021, the investigation focused on whether Uniswap was functioning as an unregistered securities exchange and if its UNI token was an unregistered security.

The situation intensified in April 2024 when Uniswap received a Wells notice, indicating possible charges. The SEC’s decision to close the case mirrors similar actions involving Coinbase, Robinhood Crypto, and Opensea.