SEC Closes Case Against Uniswap: DeFi Wins, But Is the Market Timing Wrong?

Under Gary Gensler’s Leadership, Crypto and Defi protocols, including Uniswap (UNI), were strongly examined. Centralized ramps and exchanges have been affected First. Binance, Kraken and Coinbase they were sued For millions, sometimes billions of dollars.

The Securities and Exchange Commission (sec) of the United States said she had enabled the negotiation of unregistered securities and, in some cases, facilitated money laundering. Binance has settled for over $ 4 billion, with Changpeng Zhao who resigned from CEO, while others, like coinbase, opted to fight.

Yesterday, February 25, the United States officially secures Closed his survey on Uniswap, one of the world Larger Defi platforms. Basically, the agency has decided to contrast the action.

This move is a greater Victory for Defi, a vital subsector that provides liquidity for cryptographic projects at the service of users. By dropping the case, the century recognized that the Dex operates within the law.

Above all, it validates its offers, potentially making UNI one of the best cryptos to buy in 2025.

Uniswap wins on the century: Dex Markets in clear?

THE The survey in Uniswap began in 2021 and intensified with a notice of wells in April 2024. While a notice of wells reports the intention to sue, it No guarantee a legal case, his A warning.

The agency said that Uniswap operated illegally, engaging in an unregistered broker activities and issuing unregistered securities.

Uniswap Labs, the team behind the decentralized exchange (Dex), contrasted that its autonomous protocol, powered by intelligent self-execution contracts on public registers such as Ethereum and BNB Chain—I did not do it Suitable for Sec accusations. Its decentralized nature, they supported, made the agency inapplicable complaints.

As expected, the wells approach Uniswap aroused the debate.

Hayden Adams, the founder of UniswapHe expressed disappointment but said he was ready to fight. He declared on X that the century was targeting legitimate projects while overlooking fraud as FTX.

(Source)

The FTX collapse in November 2022 forced the prices of cryptocurrencies less, dragging Bitcoin below $ 16,000.

After months of rejection, including a 40 -page refutation from Uniswap, the century dropped the case. This confirms that Uniswap operates outside the agency Regulatory framework, a victory for both the protocol and for the broadest sector.

In Uniswap’s View, the new leadership of the United States century now recognize that there is a “Most effective path to protect American consumers. “

For default projects under control, this places a precedent. With the collapse case, it suggests that Open Source, shrewd contracts based on contracts they are not legally financial entities.

Past decisions strengthen this, like 2023 Risley v. Uniswap Labs decision, in which a judge ruled decentralized protocols like Uniswap goes beyond Sec jurisdiction. Going forward, Uniswap said it is open to dialogue and regulators and legislators “Develop clear and reasonable laws and rules for new technologies such as Defi. “

Wrong timing? UNI PREZZA lends $ 7 Bottom target

While this “structural” The victory is vital, it comes during a turbulent period for cryptocurrency, with bears in control. Bitcoin and the largest market are sliding.

At the time of the press, The market capitalization of total cryptocurrencies fell by 4% to about $ 2.95 trillion.

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Bitcoin is approaching $ 90,000, while UNI, the governance token that trigger Uniswap, is under pressure, retreating to the levels of early November 2024.

Having canceled most of the earnings of the fourth quarter of 2024, the UNI risks dropped below $ 7 in the next few days.

Explore: the history books will remember Crypto 2025: but what is the best new cryptocurrency to buy?

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The post closes the case against Uniswap: DIFI wins, but is the timing of the market wrong? He appeared first out of 99bitcoin.