TechFlow news — On February 26, Hayden Adams, founder and CEO of Uniswap, announced that the U.S. Securities and Exchange Commission (SEC) has dropped all charges against Uniswap Labs. Previously, the SEC had accused the company of operating as an unregistered broker-dealer, exchange, clearing agency, and issuing unregistered securities.
Adams stated, "Uniswap Labs is not a broker-dealer, the Uniswap protocol is not an unregistered exchange or clearing agency, nor is it operated by Labs, and UNI is not a security." He noted that the investigation lasted over three years, forcing the company to waste significant time and millions of dollars.
Adams regarded this outcome as a major victory for Uniswap Labs and the entire DeFi industry, reaffirming that decentralized technology and self-custody are fundamentally different from centralized intermediary systems. He expressed appreciation to the new SEC leadership for adopting a more constructive approach and looks forward to collaborating with Congress and regulators to establish sensible rules tailored for DeFi that encourage innovation and enhance transparency and accessibility in financial markets.
