The SEC drops their case against Uniswap

Earlier today, the (SEC) closed its investigation into Uniswap Labs.

The investigation into Uniswap Labs began in April 2024 when the SEC issued a Wells notice. Same old story, the SEC alleged that Uniswap Labs had operated as an unregistered broker, run an unregistered securities exchange, and issued an unregistered security in the form of its native token.

Now with Gary Gensler out and Paul Atkins as Trump's nominee for SEC Chair, the SEC seems to be taking a more crypto-friendly approach. Recently, the agency dropped high-profile lawsuits against Coinbase and Robinhood, citing agreements with their legal teams. Speculation has swirled that cases against other crypto firms, such as Kraken and Gemini, may also be nearing dismissal.

We are still in regulatory uncertainty, but it's definitely encouraging the landscape seems to be more favorable.