Journalist
Posted:
- The UNI reached regulatory clarity after the closure of the dry.
- One of the largest whale cohorts has accumulated 10m united after update.
The new American sec officially ended its investigation against Unsiwap (UNI) Laboratories and does not provide any other application action.
Last April, the previous SEC served the company behind the popular Dex Uniswap with a Wells opinion, saying that it operated an unregistered exchange and safety security (UNA token).
A victory for Defi?
Quick advance until February 2025, the United Laboratories was justified under the new administration. The company described it as’win for Defi,‘
“The conclusion of our survey is … a relief for the Laboratoires Uniswap, but also for the wider community of manufacturers, users and developers working towards a better financial system for all of us.”
For his part, Hayden Adams, founder of Uniswap Labs, regretted that the investigation has lost three years but was optimistic for Defi under the new management.
He declared,,
“I am grateful that the new dry leadership is adopting a more constructive approach, and I can’t wait to work with Congress and regulators to help create rules that make sense to deffi”
Likewise, Kristin Smith, CEO of the Blockchain Association, a collective lobby for industry, rented It is a victory for “All Crypto” and the end of the regulations by the application.
“The era of the application by the application – and the intimidation – ends, thanks to a new perspective to the dry.”
Uniswap is the third crypto firm to have a previous trial rejecting by the new dry, after Coinbase and Robinhood.
United reaction
Uni rebounded 12% after the update, but was not back to the tight price range from $ 9 to $ 10 observed in early February. In addition, it was below the resistance to the trend line, which suggests that bears were still in control when writing this article.
Source: Uni / USDT, tradingView
Meanwhile, UNI’s regulatory clarity has also seen the largest cohort of whales (with 10m to 100m united) shake an additional 10 m tokens on February 25.
Despite the unloading of the whale cohort from 1 m to 10 m, the largest accumulation of whales could point out a likely recovery for the token if a wider feeling improved.
Source: Santiment
