Yesterday, Uniswap Labs – the company behind the decentralized exchange (DEX) Uniswap, announced that the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into the company without bringing any charges.

This is considered an important victory for Uniswap in particular and the DeFi (Decentralized Finance) sector in general, especially in the context that many crypto companies have previously been targeted by the SEC.

SEC Closes Investigation After 3 Years

The SEC has been investigating #UniswapLabs for more than three years. In April 2024, the company received a Wells Notice – a warning notice that the SEC typically sends before taking enforcement action.

However, after SEC Chairman Gary Gensler resigned when President Donald Trump took office last month, the SEC’s approach to the crypto industry has undergone a marked change.

Uniswap Labs confirmed that the SEC has closed its investigation without any legal charges, marking a positive turning point for the DeFi market.

Uniswap Is Not the Only Case

The #SEC suspension of Uniswap's investigation is not an isolated case. In recent days, trading platform Robinhood and NFT marketplace OpenSea also confirmed that the SEC had dropped similar investigations into them.

Additionally, Coinbase also announced last week that the SEC is considering withdrawing the charges against the company, pending Commission approval. This represents a major shift in the SEC’s crypto oversight policy under the new administration.

Uniswap Founder Speaks Out

Following the SEC announcement, Uniswap Labs founder Hayden Adams shared his feelings on the X platform:

"This investigation has lasted for more than three years, costing us millions of dollars and a lot of time. It has also created a lot of psychological pressure. There is a saying in the legal community: 'Investigation is punishment.' This should not be the price that innovative technology companies pay in the United States."

“This is not only a win for Uniswap Labs, but a huge win for the entire DeFi space. It reaffirms our view that decentralized technology and asset self-custody are fundamentally different from the centralized systems we are trying to replace.”

Market Reaction

Immediately after the announcement, the price of UNI, Uniswap's token, increased from $7.87 to $8.28. However, it has since declined slightly and is trading around $8.11, according to data from CoinGecko.

Still, UNI price is down 2% on the day and 12% on the week, largely due to the overall decline in the crypto market in recent days. #anhbacong

Summary

The SEC’s decision to drop its investigation into Uniswap not only frees the company from legal jeopardy, but also bolsters confidence in the future of DeFi platforms. This move, along with the fact that Coinbase, Robinhood, and OpenSea have also been cleared of SEC prosecution, represents a positive shift in how the US regulates the crypto industry.

Although the market is still in a correction, this information can create momentum for the long-term development of the DeFi ecosystem and Uniswap in the future.