Key takeout
- The SEC has concluded its UNISWAP Labs investigation without taking enforcement action.
- UNISWAP Labs argued that the protocol does not qualify as an exchange based on the current SEC definition.
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The SEC reported the Wall Street Journal, citing people familiar with the matter that it had concluded its UNISWAP lab investigation without pursuing enforcement action.
The decision comes after the SEC issued a Wells Notice to UNISWAP Labs in April 2024, indicating potential legal action against the creators of the world's largest distributed crypto exchange.
The survey investigated whether UNISWAP acts as an unregistered stock exchange and whether its UNI token represents the provision of illegal securities.
In May 2024, UNISWAP Labs challenged the SEC's pending enforcement action, claiming that the protocol was not entitled to an exchange under a regulatory definition.
Uniswap's Uni Token has risen 4.6% in the past hour, but has fallen 0.5% in the last 24 hours, according to Coingecko data.
Founded in 2018 by Hayden Adams, UnisWap Labs released UnisWap V4 in January 2025, expanding its protocol to a developer platform with customizable features.
The latest version was subjected to a security audit and provided a $15 million bug bounty.
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