The SEC has officially closed – with no action – its multi-year investigation into Uniswap Labs. Last year the SEC issued a Wells Notice, claiming that Uniswap Labs operated an unregistered securities exchange, engaged in unregistered broker or clearing firm activity, or issued an unregistered security. The SEC's decision this week reaffirms what we’ve always known. Uniswap Labs operates in full compliance with all applicable laws. The technology we build makes markets more transparent, efficient, and accessible.
The Future of Finance is Decentralized, Now America Can Lead
DeFi is shaping financial markets for the better, allowing users to trade instantly, safely, and transparently without having to give up custody or control over their assets. At Uniswap Labs, we’re proud to expand access to DeFi by developing technology that promotes liquidity and price transparency, reduces reliance on intermediaries, and lowers transaction costs. The products we build serve users and strengthen the financial system as a whole.
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.
We have always welcomed dialogue with regulators and policymakers on developing clear, sensible laws and rules for new technology like DeFi. We look forward to productive conversations about our industry’s future in the weeks and months to come.
