**SEC Wraps Up Uniswap Labs Investigation with No Action Taken**
The U.S. Securities and Exchange Commission (SEC) has officially wrapped up its extensive investigation into Uniswap Labs, concluding with no enforcement action. This inquiry, which spanned several years, examined whether the company was functioning as an unregistered securities exchange and issuing unregistered securities. Last year, the SEC issued a Wells Notice to Uniswap, hinting at possible enforcement measures. However, the decision to close the case without any charges suggests that Uniswap has not breached any existing regulations. [Uniswap’s Official Statement](https://twitter.com/Uniswap/status/1894452298698358989)
**Uniswap Labs Compliance**
Uniswap Labs has expressed its commitment to operating within the framework of all relevant laws. The company highlighted that its platform enhances market transparency, efficiency, and accessibility. Additionally, Uniswap asserts that its technology bolsters financial markets by eliminating centralized control and allowing users to maintain custody of their assets. The company is optimistic that the broader DeFi ecosystem may benefit from increased regulatory clarity following the SEC’s recent decision. Uniswap has also shown a readiness to collaborate with regulators and policymakers to create clear guidelines for DeFi, viewing constructive discussions as vital for shaping regulations that align with emerging financial models.
**SEC’s Evolving Approach to Crypto Firms**
It’s worth noting that since Mark Uyeda took over as acting SEC chairman, the agency’s stance toward crypto firms has become more accommodating. Just last week, Robinhood Crypto (RHC) received confirmation from the SEC that no enforcement action would be taken against it. On February 21, the SEC’s Enforcement Division informed Robinhood of the investigation’s closure, which originated from a Wells Notice issued in May 2024, suggesting potential violations concerning the company’s crypto services. This resolution marks yet another instance of the SEC stepping back from pursuing legal action against crypto firms. Meanwhile, Binance and the SEC have agreed to a temporary pause in their legal dispute. On February 14, a federal judge in Washington, D.C., approved a 60-day stay in the lawsuit filed against the exchange in June 2023, which alleged that Binance and its founder, Changpeng Zhao, mismanaged customer funds and inflated trading volumes.
