SEC terminates investigation into Uniswap Labs, taking no enforcement action

PANews reported on February 26 that according to Uniswap Labs announcement, the U.S. Securities and Exchange Commission (SEC) has officially concluded its years-long investigation and has not taken any enforcement action. Previously, the SEC issued a Wells notice to Uniswap Labs, accusing it of operating an unregistered stock exchange, engaging in unregistered brokerage or clearing business, or issuing unregistered securities. The end of this survey is seen as an affirmation of the compliance of decentralized finance (DeFi).

Uniswap Labs said it will continue to talk with regulators to promote the healthy development of the DeFi industry, and is committed to improving market transparency, reducing transaction costs, and reducing dependence on intermediaries.