The U.S. Securities and Exchange Commission (SEC) has dropped its investigation into Uniswap Labs, the Brooklyn-based company behind the decentralized protocol of the same name, according to a Tuesday announcement from Uniswap.
Uniswap received a Wells notice — essentially, a heads-up from the regulator informing respondents of the charges the SEC is planning to bring against them — last April, accusing the decentralized exchange of operating as an unregistered securities broker and unregistered securities exchange, and of issuing an unregistered security. In subsequent blog posts and social media posts, the company and its executives defended the legality of Uniswap’s operations and pledged to fight the pending charges.
The company celebrated the SEC’s decision to drop the charges, calling it a “huge win for DeFi” in a social media post.
“We appreciate that the SEC’s new leadership is taking a close look at the…
