Uniswap Labs, creator of the largest decentralized trading platform on Blockchain Ethereum (ETH), announced On Tuesday, the American Commission for Securities and Stock Exchange (SEC) officially completed the investigation in the case of the company without taking any enforcement actions.
Uniswap celebrates the SEC decision
SEC control in UNISWAP laboratories began in April, when the agency issued a notification of Wells, indicating plans for the recommendation of legal proceedings against the company.
Sec claimed that Uniswap acted as an unregistered broker and exchange, and claimed that he had issued unregistered securities. In response to the Wells Labs Uniswap notification, he maintained that he acted in full compliance with applicable regulations.
In its official statement, the company expressed relief in the last SEC decision, which they interpret as confirmation of their compliance and commitment to transparency. “The technology we build makes the markets more transparent, efficient and available,” we read in the manual.
The application for the investigation is not only significant for the UNISWAP laboratories, but also reflects a broader change in the regulatory approach of SEC under novel management.
The regulatory landscape makes it easier when the SEC closes the investigation
The agency has recently left the previous strategy “regulation by enforcing”, which consisted in undertaking criminal activities against companies in the cryptocurrency space.
This change is noticeable in parallel SEC decisions close to investigations for other cryptocurrency entities, such as Robinhood, which also stood in the face of control without causing enforcement actions.
In addition, SEC is planning End a legal fight against CoinbaseSignaling a potential novel era of cooperation and transparency as part of regulatory governing digital resources.
Uniswap laboratories expressed his readiness for a constructive dialogue with regulatory bodies and decision -makers in order to develop clear and reasonable provisions supporting innovations in the DEFI sector.
The company believes that supporting open conversations on the future of finances will benefit not only their activities, but also to the entire ecosystem of builders, programmers and users involved in creating a better financial system.
A distinguished painting with Dall-E, chart from tradingview.com
