Ethereum DeFi Exchange Uniswap Says SEC Has Dropped Its Investigation

Uniswap's creator says that the SEC is closing its investigation without enforcement action, mirroring recent OpenSea and Robinhood moves.

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.

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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