SEC Ends Investigation into Uniswap Labs, Signaling Shift in Crypto Regulation

The U.S. Securities and Exchange Commission (SEC) has officially ended its investigation into Uniswap Labs, the developer of the Uniswap decentralized exchange. This announcement, made on February 25, 2025, suggests a possible change in the SEC’s stance on cryptocurrency regulations.

Back in April 2024, Uniswap Labs was served with a Wells notice, a formal indication that the SEC was considering legal action against the company for allegedly operating as an unregistered securities broker and exchange.

Uniswap Labs, however, firmly denied these allegations, asserting that its operations complied with existing laws. Now, with the case closed, the company has described the development as a major win for decentralized finance (DeFi) and the broader crypto sector.

Will Ripple Be Next?

The SEC’s decision to drop the Uniswap case is part of a larger pattern, as the agency has recently closed enforcement actions against Robinhood, Coinbase, and OpenSea.

This shift follows the departure of former SEC Chairman Gary Gensler in January 2025, whose tenure was marked by aggressive legal action against crypto firms.

According to former SEC official John Reed Stark, this could be a sign that the Ripple lawsuit may also be nearing dismissal.

“The Ripple appeal is likely next to be withdrawn. The SEC’s new leadership has made it clear that they will no longer push to classify specific cryptocurrencies as securities—at least not until the Crypto Mom’s Task Force completes its review.”

If the SEC chooses not to proceed with its Ripple appeal, this could be a game-changer for XRP and the wider digital asset market.

What This Means for Crypto Regulation

Uniswap Labs reacted to the SEC’s decision by sharing a statement on social media, emphasizing that this outcome could bring greater regulatory clarity to the DeFi space.

Across the crypto industry, the response has been largely positive, with many seeing it as an indication that regulators may be shifting toward clearer guidelines instead of relying on enforcement-driven strategies.

Analysts believe this change in approach could encourage institutional investors to engage with the crypto space, ultimately leading to a more stable and structured regulatory environment.

Conclusion

The SEC’s choice to end its probe into Uniswap Labs may be a turning point in digital asset regulation. With leadership changes influencing policy, the focus now seems to be on regulatory clarity rather than enforcement.

As speculation grows about a potential resolution in the Ripple lawsuit, the crypto industry is closely watching for signs of further policy shifts that could reshape how digital assets are governed in the United States.