SEC Drops Investigation Into Uniswap.

The U.S. Securities and Exchange Commission (SEC) has officially dropped its investigation into Uniswap Labs, the developer behind the decentralized exchange Uniswap without filing enforcement action, marking major victories for the DeFi sector and the broader crypto industry. The probe into Uniswap began in April 2024 with a Wells notice accusing the company of operating as an unregistered securities broker and exchange, while Coinbase faced similar allegations in 2023. Both decisions follow a broader regulatory shift after former SEC Chair Gary Gensler’s resignation in January 2025. Under interim Chair Mark Uyeda and Commissioner Hester Peirce, the SEC is moving toward tailored crypto regulations instead of aggressive enforcement. These dismissals, along with similar case closures for Robinhood and OpenSea, signal a more favorable environment for digital assets in the U.S.