SEC drops the investigation into the UISWAP, you will not provide enforcement procedures

The US Securities and Stock Exchange Committee (SEC) has dropped its investigation into the UISWAP laboratories, a Brooklyn -based company behind the decentralized protocol of the same name, according to Tuesday’s announcement from UISWAP.

UNISWAP Wales notice received Basically, an organizer from the organizer to inform the respondents of the charges that the Securities and Stock Exchange Committee is planning to bring them against them-last April, accusing decentralized exchange of work as an unregistered securities medium, the exchange of unregistered securities, and the issuance of unregistered security. In the publications of the subsequent blog and social media, the company and executives defended the legitimacy of UNISWAP operations and Fight Hanging fees.

The company celebrated the SEC decision to drop the fees, describing it as a “great victory for Defi” in a post on social media.

“We appreciate that the new SEC leadership is taking a closer look at the investigations suspended in implementation and litigation in our industry, and not only we have, and I realized that there is a more effective way to protect American consumers. The company said on Tuesday that the conclusion of our investigation is not only welcome – and just – For UISWAP laboratories, but also for the broader Defi community of builders, users and developers who work on a better financial system To all of us. Blog post.

Amanda Tominelli, the legal director of the Defi Education Fund, told Coindesk that SEC’s decision to drop the investigation into UNISWAP laboratories “gives Defi companies an additional comfort to defend our right to build decentralized technology.”

The SEC decision to close the investigation of the UniWAP LABS is the latest in a similarly dropped investigation in the encryption companies, including Robinhood Crypto and the undeveloped notable. SEC also agreed to drop its case against Coinbase, pending the approval of the agents, according to Crypto exchange.

Read more: SEC is preparing to drop Coinbase, which distinguishes a great moment for us

SEC is currently fixing its encoding approach. Former President Gary Ginsner, known for the so -called “organization organization” in the encryption industry, retreated in January. His alternative, Acting Chairman, Mark Oida, has made radical changes in the agency-including the standing of a new encoding team under the leadership of the Commissioner for the Siddiq Hyster Peres and the solution of the Evolution Parish Unit-which indicates a new day for the Crypto encryption companies in The Crypto we

A representative of SEC refused to comment.