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Hayden Adams, Uniswap CEO, stated that the SEC targeted Uniswap Labs without a clear legal basis, seeking to impose an unsuitable regulatory framework as decentralized technology and self-custody are fundamentally different from the centralized, intermediated systems they aim to replace
The U.S. Securities and Exchange Commission (SEC) has ended investigation into Uniswap, the developer of the largest decentralized cryptocurrency exchange (DEX), and will not pursue enforcement action against the platform
SEC’s decision to drop its Uniswap investigation reflects a broader shift in its approach to crypto enforcement under the leadership of Mark Uyeda, with recent closures against Robinhood, OpenSea, and Coinbase (pending approval)
The SEC, under former Chair Gary Gensler, issued a Wells Notice to Uniswap Labs in April 2024, alleging that it operated an unregistered securities exchange and broker-dealer, engaged in unregistered clearing activity, and issued an unregistered security.
Hayden Adams, Uniswap CEO, stated that now closed SEC's investigation into Uniswap Labs lasted over three years and costed the company millions of dollars

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