SEC Ends Uniswap Probe, Clears Crypto Firm Alongside Robinhood and OpenSea

By José Oramas February 27, 2025 In Coinbase, OpenSea, Regulation, Robinhood, SEC, Uniswap

Source:AdobeStock

The SEC dropped its probe into Uniswap Labs, taking no enforcement action, marking a shift in regulatory approach under new leadership.
Since Gensler’s resignation, the SEC has also ended investigations into Coinbase and OpenSea, suggesting a softer stance on crypto regulation may come.

Uniswap’s UNI token is on a rally after the US Securities and Exchange Commission (SEC) ended its investigation into Uniswap Labs, opting not to pursue any enforcement action against the entity behind the protocol’s decentralized exchange (DEX).

This decision comes as the SEC’s new leadership takes a new direction in the agency’s stance on cryptocurrency, which has been reconsidering previous enforcement actions taken against several crypto projects.

SEC Pushing Back

It’s quite a stark change given that, under Gary Gensler’s leadership, the agency pursued an aggressive campaign against the crypto industry by alleging that most tokens qualified as securities. This resulted in multiple lawsuits launched against various projects for allegedly offering unregistered securities.

Since Gensler’s resignation on January 20, the regulator has dropped numerous high-profile cases. As Crypto News Australia reported, the SEC wrapped up its investigation into Coinbase and OpenSea, two key players in the crypto industry.

Uniswap Labs welcomed the news as a “relief” for the company and the broader DeFi ecosystem, which has long operated under regulatory uncertainty. In a statement, the protocol outlined its willingness to collaborate with regulators to develop sensible frameworks for emerging financial technologies:

We appreciate that the SEC’s new leadership is taking a close look at the pending enforcement investigations and litigations across our industry, not just our own, and has recognized that there is a more effective path to protecting American consumers. The conclusion of our investigation is not only welcome – and just – relief for Uniswap Labs, but also for the broader DeFi community of builders, users, and developers working toward a better financial system for all of us.

Uniswap Labs

Following the announcement, UNI, the native token of Uniswap, saw a 4% daily gain, briefly surpassing US$8 (AU$12), but those gains quickly vanished thanks to the downward pressure from the broader crypto market.