Uni challenges the feeling of the market while the dry ends the UNISWAP Labs survey

The American Securities and Exchange (SEC) commission has officially ended its investigation into the Laboratoires United -UNISWAP without taking any application measure.

The decision to delete the survey solidifies a change in the approach of the SEC under its current leadership, which has reassessed the measures responsible for the law in the cryptographic industry.

The dry ends a UNISWAP probe

During the mandate of Gary Gensler as president of the SEC, the agency took a hard position against the crypto and said that most of the tokens were qualified as titles. The former director of Goldman Sachs, appointed Biden, the former has led several legal actions against cryptographic companies, accusing them of selling unregistered titles. Since its resignation on January 20, the SEC has quickly abandoned many of these proceedings.

Uniswap Labs praised the last resolution, describing it as “relief” not only for the company but also for the wider challenge ecosystem, which has long faced regulatory uncertainty. He added that he is working with regulators and decision -makers to establish clear and sensible executives for emerging financial technologies.

In a press release, the entity behind Uniswap Dex said,

“We have always welcomed dialogue with political regulators and decision -makers on the development of clear and sensible laws and rules for new technologies like DEFI. We look forward to productive conversations on the future of our industry in the coming weeks and months. »»

After the announcement, Uni posted daily earnings by more than 4%, moving to more than $ 8, while the rest of the market is still struggling after Tuesday’s accident.

The SEC launched an investigation into the United Laboratories last April, saying that by a well opinion that the company had acted illegally as broker, exchange and compensation agency while dealing with unregistered titles. This case was largely considered a key regulatory battle for Defi.

In response, the Laboratoires United -UNISWAP qualified the legal arguments of the “weak” agency and urged him to respect the constitutional limits. The company argued that the SEC wrongly supposes that all tokens are titles and badly redefine the terms as “exchange” and “broker” to adapt to its case.

Launch of Unichain

The last development comes two weeks after Uniswap announced the launch of Unichain, its Ethereum Layer 2 solution because it marked its entry into the competitive L2 ecosystem. Built on Superchain optimism, Unichain aims to improve the challenge by offering faster transactions, lower costs and increased decentralization. It includes block hours for a second, 95% cheaper gas costs than Ethereum and native USDC integration.

Users can exchange, puncture and provide liquidity directly via the Uniswap application. Unichain prioritizes decentralization from the start. The emphasis will also be placed on a public validation network; However, it faces strong competition from layers of layer 2 established such as the arbitrum and the base.