The US stock and values commission. UU. (SEC) has eliminated its research on Uniswap Labs, the Brooklyn company behind the Decentralized Protocol of the same name, according to a UNISWAP Tuesday announcement.
Uniswap received a warning of wells, essentially, a regulator notice informing the respondents of the positions that the SEC plans to present against them, last April, accusing the decentralized exchange of operating as an unregistered values corridor and an exchange of values not registered, and to issue unregistered security. In the Blog Publications and Publications of Subsequent Social Networks, the Company and its Executives defended the legality of UNISWAP’s operations and pledged to fight against pending positions.
The company celebrated the decision of the SEC to withdraw the positions, calling it a “great victory for defi” in a publication on social networks.
“We appreciate that the new leadership of the SC is closely observing the pending research and application litigation throughout our industry, not only ours, and has recognized that there is a more effective path to protect US consumers. The conclusion of our research is not only welcome, and fair, relief for Uniswap Labs, but also for the most wide defi community of builders, users and developers who work towards a better financial system for all of us, ”said the company on a Tuesday A Tuesday blog post.
Amanda Tuminelli, Legal Director of the Defi Education Fund, said in a statement to COINDESK that the decision of the SEC to eliminate research on UNISWAP Labs “gives companies additional deficie to Pivot to defend to adopt our right to build decentralized technology “
The DEC decision of closing its research at UNISWAP Labs is the last of a research wave similar to cryptographic companies, including Robinhood cryptography and the non -fungible token market. The SEC also agreed to withdraw its case against Coinbase, waiting for the approval of the agency’s commissioners, according to the exchange of cryptography.
Read more: SEC prepared to leave the demand for coinbase Marking Big Moment for us Crypto
The SEC is currently reviewing its focus on cryptographic regulation. Former President Gary Gensler, known for his so -called “compliance regulation” approach to the cryptographic industry, resigned in January. His replacement, the interim president Mark Uyeda, has made drastic changes in the agency, including cryptographic work under the leadership of the cryptomonitator Hester Peirce and dissolved to the crypto control unit, pointing out a new day for crypto companies WE
A representative of the SEC declined to comment.
