The U.S. Securities and Exchange Commission has dropped its investigations into Uniswap Labs, The Wall Street Journal reported Tuesday, citing people familiar with the matter. The move comes just days after the agency ended similar probes into other major players in the crypto industry.
Last week, crypto exchange Coinbase said the SEC dropped its lawsuit against the exchange while NFT marketplace OpenSea said the SEC ended its investigation after receiving a Wells Notice last year. On Monday, Robinhood said the SEC was closing its investigation into the crypto trading platform without enforcement action.
Uniswap, the creator of the world's largest decentralized crypto exchange, said it received a Wells notice from the SEC last April. The agency alleged the Uniswap DEX acts as Uniswap Labs’ unregistered securities exchange and unregistered securities broker-dealer, The Block reported at the time.
"The Securities and Exchange Commission has concluded its investigation into Uniswap and doesn't plan to move forward with any enforcement actions," sources told The Wall Street Journal.
On Monday, the SEC agreed to drop an investigation into Robinhood's crypto unit.
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