Tag: Uniswap Labs

In a seismic shift that’s rocking the financial world, the U.S. crypto industry is no longer playing defense—it’s launching an all-out offensive against the U.S. SEC., fueled by the Trump administration’s sudden crypto-friendly pivot. Just months into Donald Trump’s second term, the SEC has shockingly withdrawn its barrage of lawsuits against major players like Coinbase, Kraken, Gemini, and Uniswap Labs, signaling a dramatic retreat from the regulatory chokehold.

Coinbase, the leading U.S. crypto exchange, has filed a Freedom of Information Act (FOIA) request to uncover the full extent of the U.S. Securities and Exchange Commission's (SEC) spending on crypto enforcement actions13. The request, submitted on March 3, 2025, aims to shed light on the SEC's activities between April 17, 2021, and January 20, 2025.

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.

The ongoing lawsuit between the SEC and Coinbase has garnered significant attention due to its implications for defining security tokens and regulating crypto staking. The SEC alleges that Coinbase, by offering certain tokens and a staking-as-a-service program, has been operating as an unregistered national securities exchange, broker, and clearing agency. The Judge has been closely scrutinizing the SEC's definitions and claims, indicating the complexity and potential broad impact of the case.