SEC deletes the examination of uniswap, no enforcement measures will be submitted

The US Securities and Exchange Commission (SEC) has reduced its investigation into Uniswap Labs, the company based in Brooklyn behind the decentralized protocol of the same name, as can be seen from the uniswap announcement on Tuesday.

Uniswap received a Wells-Mitteilung-in essentially a process of the supervisory authority, which the respondents about the indictment that the SEC was up to you against it last April and accused the decentralized exchange of operating as a non-registered securities broker and not registered securities exchange and from the exhibition a non -registered security. In subsequent blog posts and social media posts, the company and its managers defended the legality of the Uniswap operations and promised to combat the pending charges.

The company celebrated the decision of the SEC to submit the indictment and called it a “big victory for Defi” in a social media contribution.

“We appreciate that the new leadership of the SEC is closely at the upcoming investigation and legal disputes in our industry, not only our own, and has recognized that there is a more effective way to protect American consumers. The conclusion of our investigation is not only welcome – and only – relief for uniswap laboratories, but also for the broader Defi community of builders, users and developers who work on a better financial system for all of us, ”said the company in a Tuesday Blog post.

Amanda Tuminelli, Chief Legal Officer of the Defi Education Fund, said in a statement to Coindesk that the decision of the SEC to publish the Uniswap laboratories gives “defi companies additional comfort in order to deal with the defense in order to deal with the defense to build our right to build up decentralized technologies ”.

The decision of the SEC to conclude their investigation into uniswap laboratories is the youngest in a wave of similarly dried examinations for crypto companies, including Robinhood Crypto and non-fungable token marketplace OpenSea. The SEC has also agreed to fall against Coinbase until the agency commissioner dropped to the agency's approval, according to the crypto exchange.

Read more: Secod, Coinbase complaint to fall, which marks a big moment for us crypto

The SEC is currently overtaking its approach to cryptor regulation. The former chairman Gary Gensler, known for his so -called “regulatory approach” for the crypto industry, resigned in January. His replacement, the reigning chairman Mark Uyeda, has made drastic changes to the agency-intended to draw up a new crypto-act force under the direction of the crypto-friendly commissioner Hester Peirce and the dissolution of the crypto enforcement unit a new day for crypto companies in which us

A representative of the SEC declined a statement.