The US Securities and Exchange Commission (SEC) has closed its investigation into Uniswap Labs with no enforcement action.
This decision signifies a change in the SEC's approach to crypto enforcement actions.
Uniswap Labs welcomes the resolution and expresses its commitment to working with regulators and policymakers to establish clear frameworks for emerging financial technologies.
Following the announcement, UNI token saw a price increase, while the market as a whole struggled after the recent crash.