• It’s worth noting that Coinbase and Robinhood Crypto also had SEC investigations against them dropped recently.
• Uniswap themselves celebrated the news as a “huge win for DeFi.”
• This positive shift emerges as the SEC seems to be adopting a more favorable stance towards crypto, especially following President Donald Trump’s administration taking office.

Good news for the crypto world: the US Securities and Exchange Commission (SEC) has decided to drop its investigation into Uniswap Labs!

Uniswap Labs shared their relief and excitement in a post on X on February 25th, announcing the SEC was closing its investigation and “taking no enforcement action.” They enthusiastically added:

“This is a huge win for DeFi, and it confirms what we’ve believed all along – that the technology we’re building is legally sound and that our work is contributing positively to the future.”

In April, the SEC issued a Wells notice claiming that Uniswap Labs operated as an unregistered broker, operated an exchange, and issued an unregistered security

As of yesterday, that investigation has officially been closed, and the SEC is taking no enforcement action

This is a…

— Uniswap Labs 🦄 (@Uniswap) February 25, 2025

Just to recap, back in April 2024, Uniswap received a Wells Notice from the SEC. This notice alleged that Uniswap was acting as an unregistered broker, running an unregistered exchange, and issuing unregistered securities. In response, Uniswap didn’t back down and submitted a comprehensive 40-page rebuttal to challenge the SEC’s accusations.

More Good News on Dropped Cases

Adding to the positive momentum, the Uniswap Labs announcement comes hot on the heels of similar news from Coinbase. Just last week, Coinbase revealed that the SEC had agreed to dismiss its lawsuit against them as well.

Coinbase clarified that the SEC’s decision to drop the case came after a settlement was reached, importantly without any financial penalty for Coinbase.

Robinhood Crypto is also experiencing a shift in fortunes! It seems the SEC has also dropped its investigation into their digital assets business. On February 24th, Robinhood shared in a blog post that the SEC had “concluded its investigation and does not intend to pursue any enforcement action.”

Dan Gallagher, the Chief Legal Officer at Robinhood Markets, expressed his satisfaction, stating: “We commend the SEC staff’s decision to close this investigation without taking action.”

This apparent change in the SEC’s approach arrives amidst a broader shift towards a more crypto-friendly environment in the US, particularly since US President Donald Trump assumed office. Now, many in the crypto community are eagerly watching to see if this signals a potential resolution in the SEC’s long-standing case against Ripple.

Let’s remember, the SEC initially sued Ripple, along with co-founder Chris Larsen and CEO Brad Garlinghouse, back in 2020. The agency claimed they had raised a massive $1.3 billion through the sale of XRP, which the SEC considered to be an unregistered securities offering.