After 3 years and millions of dollars spent, Uniswap has withstood the SEC investigation.

By: blockbeats|2025/02/26 14:45:03
0
Share
copy
Original Article Title: "SEC Ends Uniswap Investigation! Founder: Spent 3 Years and Burned Millions, DeFi Finally Triumphs"
Original Article Author: BlockTempo of ChainNews

In April last year, the U.S. Securities and Exchange Commission (SEC) issued a Wells Notice to Ethereum decentralized exchange (DEX) leader Uniswap Labs, accusing it of operating an unregistered securities exchange, engaging in unregistered broker or clearing activities, and even involving unregistered securities issuance, potentially facing legal action.

Today, this saga has finally come to an end. Uniswap Labs announced early this morning (26th) that the SEC officially closed the investigation yesterday and did not take any enforcement action. The official statement described this as a "major victory for DeFi" and emphasized:

"This once again proves the fact we have always believed in—that the technology we are building is on the right side of the law, and our work is on the right side of history."

After 3 years and millions of dollars spent, Uniswap has withstood the SEC investigation.

Uniswap: Decentralized Finance is the Future, and Now the U.S. Can Lead This Trend

Uniswap Labs further stated in the announcement that DeFi is improving the financial market, allowing users to trade instantly, securely, and transparently without relinquishing control of their assets.

At Uniswap Labs, we are committed to expanding the accessibility of DeFi through technology, enhancing liquidity and price transparency, reducing reliance on intermediaries, and lowering transaction costs. The products we are building not only serve users but also make the entire financial system more robust.

Uniswap also commended the SEC's new leadership, believing that they are reevaluating enforcement investigations and litigations within the industry, not limited to the Uniswap case, and recognizing that there are more effective ways to protect American consumers.

The conclusion of this investigation is not just a victory for Uniswap Labs, but also a collective victory for the DeFi community, developers, and users as we strive to build a better financial system.

Finally, Uniswap reiterates that they have always been willing to engage in dialogue with regulatory agencies and policymakers to establish a clear and reasonable DeFi regulatory framework, and look forward to engaging in more constructive discussions in the future.

Hayden Adams: SEC Investigation Cost Us 3 Years and Millions of Dollars

In response to this, Uniswap co-founder Hayden Adams wrote a post detailing how the SEC (previous administration) conducted an investigation that lasted 3 years, forcing them to spend countless hours and millions of dollars, and even brought personal stress. He pointed out:

The intrusive and high-pressure nature of the federal investigation, to the extent that there is a legal saying in the legal world: "The investigation itself is the punishment." But this should not be the cost that American innovators have to bear.

He emphasized that Uniswap Labs is not a broker, the Uniswap protocol itself is not an unregistered exchange or clearinghouse, and Uniswap Labs does not operate it. In addition, the UNI token is not a security.

However, the SEC still took enforcement action against Uniswap Labs, even without clear legal grounds, attempting to arbitrarily enforce DeFi into a regulatory framework that is inconsistent with its essence, while at the same time not providing clear rules or compliance pathways.

Today, these SEC charges have been dropped, leading him to state that this victory belongs to the entire DeFi ecosystem:

"This once again proves our long-standing position: decentralized technologies and self-custody are fundamentally different from the centralized intermediary systems they seek to replace."

He further pointed out that self-custody funds operate on the public chain through smart contracts, bringing unprecedented transparency to the financial market. It is simply not viable to directly impose a regulatory framework applicable to the centralized, opaque traditional financial market (TradFi) on DeFi.

Finally, Adams expressed gratitude to the new SEC leadership for taking a more constructive regulatory approach and looks forward to future cooperation to ensure that DeFi can thrive in the United States rather than be forced to move overseas.

Original Article Link

-- Price

--

You may also like

Why have foreign exchange stablecoins never taken off?

Rather than issuing a local currency stablecoin from scratch, it is better to build a layer of foreign currency pricing on top of a USD stablecoin, allowing users to enjoy the liquidity of the dollar while keeping accounts in local currency.

AIDC, computing power leasing, and cloud: The "three-part thesis" of AI transformation in cryptocurrency mining farms

The "AI transformation" of cryptocurrency mining farms is not just a slogan; it is unfolding in three recognizable stages.

Futu has had all its illegal gains confiscated, reminding cryptocurrency exchanges

Even if foreign financial institutions obtain licenses abroad, as long as you are effectively providing financial services to residents in mainland China, Chinese regulatory authorities may evaluate your actions according to Chinese law.

Football, Web3 & Champions' Energy: A Recap of WEEX's LALIGA VIP Meetup in Barcelona

Relive WEEX's exclusive LALIGA VIP Meetup in Barcelona with football legend Fernando Morientes. From a fireside chat and on-site WEEX x LALIGA signing to partner awards and a live LALIGA match broadcast, discover how WEEX connected football culture, Web3, and community.

Pizza, Poker & AI Trading: A Recap of WEEX Crypto Pizza Day in Dubai

Relive WEEX Crypto Pizza Day in Dubai, where the MENA crypto community gathered at WEEX Dubai Studio to celebrate Bitcoin Pizza Day with pizza, poker, networking, and a live AI trading competition. Discover how WEEX turned a historic crypto milestone into a hands-on AI trading experience.

IOSG Founder: Please tell Vitalik the truth, let the OGs who have enjoyed the industry's dividends enlighten the young people

The wage earners freeze to death on the road, the sellers of goods die of thirst on the way. The weavers of brocade wear coarse cloth, and the grain growers do not have enough to eat.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com