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Uniswap Labs CEO Hayden Adams said in a Feb. 25 X post that the investigation took over three years and cost the company millions of dollars. Adams claims the agency went after Uniswap Labs with no apparent legal reason, only as part of a strategy to force decentralized finance (DeFi) into a regulatory framework that doesn’t fit. “This is a huge win, not just for Uniswap Labs but for DeFi as a whole. It reaffirms what we’ve said all along: that decentralized technology and self-custody are inherently different from the centralized, intermediated systems they aim to replace,” Adams added.