The US Securities and Exchange Committee (SEC) has officially closed its investigation into the UISWAP laboratories, and chose not to take any other action according to Updated update by uniswap.
This decision represents the end of a multi -year investigation that started with the notification of Wales, which was issued to the company in April 2024, claiming that it operates to exchange unregistered securities and possibly violating federal securities laws by supporting symbols that are investment contracts.
UNISWAP LABS praised SEC as a victory not only for themselves but for the wider ecosystems.
It is worth noting that the company has constantly confirmed that its operations are fully compatible with the current laws, with a focus that its technology enhances transparent, effective and accessible markets.
Is this a turning point for Defi in the United States?
The closure of the UISWAP case comes amid what appears to be reviewed by broader enforcement procedures under the new SEC leadership, after a period of aggressive lawsuits defended by former President Gary Ginserner.
Earlier this month, SEC unveiled plans to drop a lawsuit against Coinbase, another main player in the encryption space, and on February 24, SEC closed investigations into Robinhood without recommending any fees.
These moves indicate a possible dissolution in the position of the agency, which was once towards the encrypted currency industry.
UNISWAP LABS noticed that the new SEC leadership seems to have a closer look at the outstanding investigations and litigation, a process that can pave the way for a more balanced approach to censorship.
As for the UNISWAP laboratories, the end of the investigation raises a cloud of uncertainty that has been looming on the horizon since the issuance of Wales’s notice.
At that time, the Securities and Stock Exchange Commission argued that facilitating the uniswAP for some symbolic deals constitutes unregistered securities, and it is required that the company is very disputed.
In its update, the UniWAP LABS expressed its relief and optimism, weakening the result as checking its mission.
They emphasized how to enable their platform for users to be trading immediately and safely without giving up controlling their origins of mediators.
The company also welcomed SEC clearly willing to rethink its approach, indicating that the organizers may now be open to finding more effective ways to protect consumers while promoting innovation.
According to uniswAP Labs, SEC’s decision enhances America’s issue to lead in the formation of the future of decentralized financing.
Through technology that already works to operate billions of dollars in trading and liquidity, UNISWAP has become a symbol of how to reshape the financial systems for the better.
By reducing dependence on traditional financial gates guards, reducing the costs of transactions, and enhancing price transparency, decentralized exchange puts itself as rooms in the decentralized financial future.
UNISWAP price reaction (UNI)
In the aftermath of the SEC news that drops the case, attention naturally turned into the original symbol of UISWAP, UNI, which occupies the judgment and incentives on the platform.
In the aftermath of the news, the UNI price saw a modest bounce in the wake of the bloodbath in the encryption market today to reach the highest level of the day 8.37 dollars although it returned to about $ 8.08 at the time of the press.
The distinctive symbol remains by 2.4 % of its price at the same time the day before.
The distinctive symbol faced wider pressure on the market, with a decrease of 7 days by 11.9 % and a decrease of 30 days by 32.5 %.
As if this is not all, 24.1 % of its value threw its value during the past year, although it is still much higher than its lowest level at $ 1.03 of September 2020.
While the closure of the issue has not yet ignited immediate prices, the long -term effects on lower regulatory risks can enhance confidence between investors and UNISWAP users.
Post US SEC DROPS Uniswap first appeared on Invezz
