UNI challenges market morale as SEC closes UISWAP Labs

The US Securities and Stock Exchange Committee (SEC) has officially closed its investigation into the UISWAP laboratories without taking any enforcement action.

The decision to drop the investigation strengthen a shift in the SEC approach under its current leadership, which has been re -evaluated the procedures for its enforcement through the encryption industry.

It ends again from the UISWAP probe

During the state of Gary Ginsner as President of SEC, the agency took a similar position against Crypto and confirmed that most of the qualified symbols as securities. The former CEO of Biden, appointed by Goldman Sachs, led multiple legal procedures against encryption companies, accusing them of selling unregistered securities. Since his resignation on January 20, SEC quickly abandoned many of these lawsuits.

Uniswap labs Welcoming The last decision, describes it as “comfort” not only for the company but also for the broader ecosystem, which has long faced organizational uncertainty. He added that she is working with organizers and policy makers to establish clear and reasonable business frameworks for emerging financial technologies.

In a statement, the entity said behind uniswap dex,

“We have always welcomed dialogue with organizers and policy makers to develop clear and reasonable laws and rules for new technology such as Defi. We look forward to fruitful talks about the future of our industry in the coming weeks and months.”

After this announcement, the University of Yuni published daily gains more than 4 %, as it rose to more than 8 dollars, while the rest of the market is still struggling after Tuesday.

SEC launched an investigation into Labs UniswAP last April, claiming that Wales notified that the company was illegally operating as a mediator, exchange and clearing while also dealing in unregistered securities. This issue was widely considered a major organizational battle for Defi.

In response, the agency uniswap labs described the legal arguments as “weak” and urged them to respect the constitutional boundaries. The company argued that the Supreme Education Council is mistakenly assumes that all the distinctive symbols are securities and are incorrectly restoring conditions such as “Excination” and “Broker” to suit their case.

Unichain launch

The last development comes two weeks after the UniISWAP was announced by the launch of Unichain, which is the Ethereum Layer 2 solution, as it represented its entry into the competitive L2 ecosystem. Built on Superchain optimism, UNICHAIN ​​aims to improve Defi by providing faster transactions, lower fees and increased decentralization. It features one second block times, 95 % cheaper gas fees than ETHEREUM, and the original USDC.

Users can swap and bridge and provide liquidity directly through the uniswap app. Unichain gives decentralized priority from the beginning. The focus will also be on the general verification network; However, it faces intense competition from well -known layer networks such as expression and base.