SEC Concludes Investigation Into Uniswap Without Pursuing Charges

U.S. Regulators have backed away from pursuing Uniswap Labs, marking the end of a three-year SEC investigation into the firm behind the top decentralized exchange.

The Wall Street Journal reported that the SEC, which previously considered Uniswap an unregistered broker, has now dropped the case.

Under the prior leadership of Gary Gensler, the SEC had signaled plans to take legal action against Uniswap, but the agency has now shifted course. This decision follows similar moves earlier in the month, including dropping cases against Coinbase and Robinhood Crypto.

Uniswap CEO Hayden Adams criticized the lengthy investigation, stating that it cost the company millions despite lacking a solid legal foundation. He welcomed the change in regulatory tone, calling it a step toward a more constructive relationship between DeFi and policymakers. According to Adams, the future of decentralized finance looks bright.

The SEC’s retreat from enforcement actions against Uniswap suggests a potential shift in regulatory attitudes toward decentralized finance. While the agency has previously targeted DeFi projects under securities laws, the decision to drop the case could indicate a reassessment of its approach.

This move may also encourage further innovation in the sector, as developers and investors gain more confidence in regulatory clarity moving forward.