Uniswap Labs, the creator of the largest decentralized trading platform on Ethereum, said the US Securities and Exchange Commission has closed its investigation into the company with no enforcement action.
In April, Uniswap said the SEC sent a so-called Wells Notice saying that it planned to recommend a legal action against it. The agency had alleged that the company that hatched the DeFi exchange project operated as an unregistered broker, exchange and issued an unregistered security, the firm said at the time. A SEC spokesperson declined to comment Tuesday.