The main financial regulator of the United States has abandoned its investigation for an crypto exchange, adding more credibility to the idea that there has been a seismic change in US Decentralized finance (DEFI) regulations.
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The case involved the securities commission (SEC) and the uniswap laboratories for the decentralized crypto exchange, an investigation that had lasted more than a year.
UNISWAP was accused of having operated as an unregistered broker and compensation exchange agency and to issue unregistered securities.
The decision comes a few days after the SEC has rejected its file against another exchange Coinbase crypto as well as the cryptographic activities of the Robinhood online actions trading – two large -scale cases.
This is also another example of a change in the position of the dry towards Defi since the inauguration of Donald Trump as American president.
The previous head of the dry, Gary Gensler, was notably opposed to the crypto. For example, it was only when a court ruled in favor of many cryptographic companies that had pursued the SEC, that the agency has approved a certain number of investment funds linked to cryptography, months and years after other countries have authorized these funds.
Gensler left his post after Trump’s electoral victory and was replaced by the head of the Sec Mark Uyeda.
The decision to abandon the affair against the United Uniswap was naturally welcomed by its CEO Hayden Adams who also argued that there should be separate regulatory treatments for Defi and traditional finance.
“This is a huge victory – not only for the Laboratoires Uniswap but for Defi as a whole,” said Adams. “He reaffirms what we have said throughout: this decentralized technology and self-care are intrinsically different from the centralized and intermediate systems that they aim to replace.
“I appreciate that the new DIA management has a more cooperative position, and I can’t wait to work with the Congress and the regulators to develop policies that make sense for Defi.”
This decision led to a short -term increase in the commercial volume of the Uni UNISWAP token. However, the price of Bitcoin, still the most exchanged cryptocurrency in the world, fell to its lowest level in almost four months and only a few weeks after reaching its highest price as investors about the future direction of cryopto-monnaies and DEFI.
