SEC drops investigation into Uniswap

Uniswap Labs, the team behind the Uniswap decentralized exchange, announced on Feb 25, 2025 that the U.S. Securities and Exchange Commission (SEC) has officially ended its investigation into the company.

This means the SEC will not take any action against Uniswap.

Uniswap Labs 🦄 on X: "In April, the SEC issued a Wells notice claiming that Uniswap Labs operated as an unregistered broker, operated an exchange, and issued an unregistered security As of yesterday, that investigation has officially been closed, and the SEC is taking no enforcement action 

In April 2024, the SEC had sent Uniswap a Wells notice, claiming that the company was acting as an unregistered broker, running an exchange, and issuing unregistered securities.

However, as of February 25, 2025, the SEC decided to close the case without penalties.

Uniswap celebrated the news, calling it a “huge win for DeFi” (Decentralized Finance).

The company stated that this confirms its technology follows the law and that it is working in the right direction.

The SEC has not officially commented on the Uniswap decision, but this isn’t the only case it has dropped.

Recently, Coinbase, Robinhood Crypto, and OpenSea also announced that the SEC had closed investigations into them.

Many believe the SEC is reconsidering how it regulates cryptocurrencies.

In February 2025, the commission’s crypto team met with companies to discuss possible rule changes.

Commissioner Hester Peirce suggested waiting until a new SEC chair is confirmed by the Senate before making major regulatory decisions.

There are signs that the U.S. government may ease crypto regulations.

Reports suggest that before Donald Trump took office, his administration planned to freeze all crypto-related SEC cases that did not involve fraud.

His policy plan, Project 2025, recommends removing barriers to crypto businesses.

If these changes continue, other ongoing SEC cases, including the one against Ripple Labs, could also be dropped.

For now, the closure of Uniswap’s case is a major victory for the crypto industry and could signal a shift in how digital assets are regulated in the U.S.