• Coinbase and Robinhood Crypto additionally stopped investigating by SEC
• Uniswap mentioned it was “a giant victory for Defi.”
• This transfer happens when the SEC undergoes a change in pro-cryptic route since President Donald Trump took workplace

The US Securities and Change Fee (SEC) has withdrawn its UNISWAP Labs investigation.

In a February twenty fifth put up on X, Uniswap Labs mentioned the company had shut down its Uniswap investigation and “has not taken enforcement motion,” including:

“This can be a big victory for Defi and we’ll reaffirm what we all know on a regular basis. The know-how we construct is on the fitting aspect of the legislation, and our work is on the fitting aspect of historical past.”

In April, the SEC issued a Wells Discover claiming that UNISWAP Labs was operated as an unregistered dealer, operated an trade and issued unregistered safety.

As of yesterday, the investigation had formally been closed and the SEC has not taken any enforcement motion.

that is…

– uniswap labs (@uniswap) February 25, 2025

In April 2024, the SEC issued a Wells Notification to UNISWAP, claiming that the platform had acted as an unregistered dealer, operated an trade and issued unregistered safety. Uniswap adopted this by a 40-page response that challenged the company’s claims.

Extra circumstances dropped

Information from Uniswap Labs got here as Coinbase introduced final week that the SEC agreed to dismiss the lawsuit towards the trade.

In keeping with Coinbase, the regulator’s determination to withdraw the lawsuit follows a settlement that doesn’t contain a monetary penalty towards Coinbase.

Robinhood Crypto additionally noticed a change within the tide after the SEC stopped investigating Robinhood’s digital belongings division. On February 24, the platform mentioned in its weblog that the SEC “won’t intend to finish the investigation and proceed with enforcement actions.”

“We’re happy to announce that we’re dedicated to offering a spread of companies and companies to our prospects,” mentioned Dan Gallagher, Chief Authorized Officer at Robinhood Markets.

The change in route within the SEC comes amid the custody strategy after President Donald Trump took workplace within the White Home. Many are ready to see if the SEC’s ongoing lawsuit towards Ripple will shut instantly.

In 2020, the company first sued Ripple, co-founder Ripple, and Ripple CEO Chris Larsen, Brad Garlinghouse.