Uniswap becomes the latest crypto company to drop the SEC examination

The US Securities and Exchange Commission (SEC) has officially reduced its investigation into uniswap laboratories, which has been reinforced for its growing list of incoming crypto investigations.

As early as April 2024, the supervisory authority received a Wells announcement, in which it was claimed that the platform acted a non -registered broker, stock exchanges and clearing agency and at the same time issued a non -registered security.

In a blog post at this time, Uniswap said that the legal arguments of the SEC were “weak” and were “refuted” by courts.

“The aggressive theories of the SEC are an attempt to expand their responsibility beyond the exchange of communication technology – and beyond the securities beyond all markets,” said Uniswap.

A wells announcement is usually sent before the start of a formal lawsuit. Coinbase, Uniswap Laborers, Ripple, Robinhood, Consensys and Busd Emittenter Paxos are on the list of crypto companies that have received such communications.

Uniswap announced on Tuesday that the investigation of the regulatory authority was officially completed. “From yesterday this investigation was officially completed, and the SEC did not take any enforcement measures,” tweeted uniswap.

“This is a great victory for Defi and confirms what we always knew – that the technology we build is on the right side of the law and our work is on the right side of history.”

The decision was chatted by the broader decentralized financing (Defi). Community. Hayden Adams, CEO of Uniswap, has long argued that tradfi regulations for the crypto industry are inappropriate and have campaigned for new regulatory framework conditions that better match Defi.

“This is a great victory, not only for uniswap laboratories, but for Defi as a whole. It confirms what we said all the time: distinguished this decentralized technology and of course” Adams tweeted.

“Self-binding funds with the natural code that is operated on public blockchains are enormous progress in transparency for financial markets. The adjustment of the regulations that aim at central, opaque trading markets simply does not work.”

Amanda Tuminelli, Chief Legal Officer of the Defi Education Fund, also explained that the decision “Defi company gives additional comfort to defend our right to build up our right to build up decentralized technologies”.

The news that uniswaps was dropped sent to his token, university, at a time when the wider market suffered a bath.

Last week, the SEC completed its Robinhood examination without suspending a enforcement measure.

On February 21, the enforcement department of the SEC Robinhood announced that it had completed its investigation, which began when the stock exchange received a fountain announcement in May 2024.

SEC dropped Robinhood examinations, did not take any measures

The SEC closed its investigation in Robinhood without action and marked a shift

The withdrawal of the SEC comes when the supervisory authority also announced that it closes its investigation into Openea and that her lawsuit is against coin base.

Devin Finzer, founder and CEO of OpenSea, made the announcement on X and described it as a “profit” and the first attempt by the regulatory authority to classify NFTs as securities “one step backwards – one who misinterprets the law and Innovation slows down “.

SEC concludes OpenSea examination, lets the lawsuit against the coin base.

The SEC closes its OpenSea probe and drops your coinbase lawsuit. Devin Finzer, CEO of OpenSea, calls it a victory, while Coinbase Clo Paul Grewal quotes a shift in leadership in the agency

In the meantime, the Chief Legal Officer from Coinbase, Paul Grewal, said that the SEC had “basically” agreed to dismiss the lawsuit that accused the exchange not to register as a securities platform. The SEC will eventually submit this week to the dismissal of the lawsuit.