The Securities and Exchange Commission (SEC) has closed its investigation into Uniswap Labs, a prominent decentralized finance (DeFi) platform. Uniswap Labs hailed the closure as a victory for the DeFi sector, stating that it confirms the legality of the technology they develop. The company also praised the SEC's new leadership for taking a more favorable approach towards protecting consumers. Uniswap Labs CEO Hayden Adams argued that decentralized exchanges like Uniswap do not fit within existing financial regulations. This development signifies a shift in sentiment, as crypto executives previously criticized the SEC for lack of transparency and potential hefty fines. The news was well-received by the crypto community, who view it as a win for DeFi and the broader crypto industry.



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