{"id":376092,"date":"2025-02-27T17:02:25","date_gmt":"2025-02-27T11:32:25","guid":{"rendered":"https:\/\/dripp.zone\/news\/uniswap-labs-coo-reveals-it-spent-tens-of-millions-fighting-sec-crypto-news\/"},"modified":"2025-02-27T17:06:44","modified_gmt":"2025-02-27T11:36:44","slug":"uniswap-labs-coo-reveals-it-spent-tens-of-millions-fighting-sec-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/uniswap-labs-coo-reveals-it-spent-tens-of-millions-fighting-sec-crypto-news\/","title":{"rendered":"Uniswap Labs COO reveals it spent \u2018tens of millions\u2019 fighting SEC – Crypto News"},"content":{"rendered":"

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This is a segment from The Drop newsletter. To read full editions, <\/em>subscribe<\/em><\/a>.<\/em><\/p>\n

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The SEC has been killing investigations left and right in the past week, freeing Robinhood, OpenSea and Coinbase from its regulatory probes.\u00a0<\/p>\n

The agency has now closed its investigation into Uniswap Labs, according to posts from the company published Tuesday.<\/p>\n

\u201cThis is a huge win for DeFi and reaffirms what we\u2019ve always known \u2014 that the technology we build is on the right side of the law, and our work is on the right side of history,\u201d Uniswap Labs wrote<\/a> on X.\u00a0<\/p>\n

In a blog post<\/a>, the company called the closure a \u201cwelcome relief\u201d and praised the SEC\u2019s new leadership \u2014 which no longer includes known crypto critic and former Chair Gary Gensler \u2014 for seeing a \u201cmore effective path to protecting American consumers.\u201d<\/p>\n

Uniswap inventor and Uniswap Labs CEO Hayden Adams shared this stance as well in a lengthy post<\/a> responding to the news. He argues that Uniswap isn\u2019t a broker and doesn\u2019t fit into existing financial regulatory frameworks. Square peg, round hole.<\/p>\n

That\u2019s been an argument used by many crypto executives, believing that digital assets don\u2019t fit neatly into existing classifications like securities or commodities.\u00a0<\/p>\n

Seeing execs at OpenSea, Coinbase and Uniswap applaud the SEC now is such a marked change. Just a few months ago, crypto execs decried the federal agency because of a perceived lack of transparency and clarity \u2014 and because they could have been forced to pay tens of millions in fines.<\/p>\n

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Source: Uniswap TVL over time<\/em><\/figcaption><\/figure>\n

Uniswap Labs, however, already spent \u201ctens of millions\u201d fighting the SEC, Uniswap Labs COO Mary-Catherine Lader shared<\/a>.<\/p>\n

\u201cMassive W for builders,\u201d OpenSea CEO Devin Finzer said<\/a> in response to the closed case.<\/p>\n

Most responses from crypto fans were overwhelmingly positive \u2014 it\u2019s obviously a win for DeFi, and a win for crypto.\u00a0<\/p>\n

Token prices were up slightly across the board in the hours since the news dropped. But most are still down in the past day and week, suggesting sentiment is still a bit bearish at the moment despite the shuttered SEC probes at OpenSea, Robinhood, Coinbase and now Uniswap.\u00a0<\/p>\n

Gaming tokens are following that downward trend, too, as they usually do, with most down anywhere from 2% to 15% in the past week.\u00a0<\/p>\n

UNI\u2019s price climbed a little bit as the news dropped, going from $7.87 to $8.28 within roughly 10 minutes. UNI has a market cap of over $4.9 billion.<\/p>\n

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