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SEC Drops Probe into Uniswap Labs, Sending UNI Soaring

Mary Liu

Summary: Uniswap Labs, the developer behind the popular decentralized exchange Uniswap, has received a reprieve from the U.S. Securities and Exchange Commission (SEC), as the agency has reportedly dropped its investigation into the company.  This news follows similar SEC decisions to halt probes into crypto platforms Coinbase and Robinhood Crypto, marking a potential shift in the ...

Uniswap Labs, the developer behind the popular decentralized exchange Uniswap, has received a reprieve from the U.S. Securities and Exchange Commission (SEC), as the agency has reportedly dropped its investigation into the company.  This news follows similar SEC decisions to halt probes into crypto platforms Coinbase and Robinhood Crypto, marking a potential shift in the regulatory landscape.

The market reacted swiftly to the positive development.  The price of UNI, the native token of the Uniswap protocol, experienced a rapid surge, jumping nearly 10% in short order.  As of the latest update, UNI is trading around $8.20.

The consecutive withdrawals of investigations into major crypto players are fueling speculation about a potentially more constructive approach from U.S. regulators going forward.  

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