In a major regulatory shift, the U.S. SEC has dropped its investigation into Uniswap Labs and will not pursue enforcement actions. This marks another win for the crypto industry, following similar decisions regarding Robinhood Crypto and OpenSea. Uniswap calls it a “huge win for DeFi.” Under the new crypto-friendly Trump administration, the SEC stopped enforcement actions against several key players, including Coinbase.
With Trump’s return to the White House, speculation is mounting in the crypto community over who will lead the U.S. Securities and Exchange Commission (SEC). Crypto attorney Jake Chervinsky sees Mark Uyeda, an SEC commissioner critical of current Chair Gary Gensler’s crypto policies, as a top candidate for the role. Hester Peirce, known as “Crypto Mom,” is viewed as less likely to step up.