Key Takeaways
- The US SEC Uniswap investigation, which has been going on for over a year has just been dropped.
- The SEC’s decision to close the investigation follows several similar case drops including the Coinbase, Robinhood crypto, and OpenSea cases.
- Many market advisers and investigators speculate that Ripple will likely follow suit with previous case drops by the end of the second quarter of 2025.
SEC Uniswap Investigation
The SEC issued a well notice to Uniswap Labs, the developer of the DEX Uniswap, back in April 2024. It accused the entity of violating various security aspects, highlighting that Uniswap acted as an “unregistered securities broker and exchange”. As a response to this, Hyden Adams, Chief Executive Officer of Uniswap has taken to social media that Uniswap was “ready to fight” the SEC (Securities and Exchange Commission) in case of further allegations.
Furthermore, he conveyed that “he is confident that the products we offer are legal and their work is on the right side of history”. During that time, he also conveyed that Uniswap has processed over $2 trillion in volume, indicating the platform’s contribution to the growing financial landscape. The investigation also had a great impact on the exchange platform, which resulted in the UNI token plummeting by almost 30% the following day.
SEC Drops Investigation on Uniswap
An X post made by Uniswap on the 25th of February 2025 shows that the SEC has officially concluded their investigation into Uniswap. Per the latest reports, it was found that the SEC has no further plans to continue their investigation into the infamous decentralized exchange. The company celebrated this SEC case dropping, depicting it as “a huge win for DeFi (Decentralized Finance)”.
It was followed by a subsequent post stating that the “ case drop reaffirms what we knew- that the technology we built is on the right side of the law and our work on the right side of history”. The SEC’s decision to close the investigation follows several similar case drops including the Coinbase, Robinhood crypto, and OpenSea cases.
SEC Changes Rapidly Under Mark Uyeda
The SEC is currently in the process of overhauling many approaches it has taken regarding crypto regulations under the leadership of Gary Gensler. He was the previous Chairperson of the organization, who spearheaded many investigations against numerous crypto giants in the industry. But, it all changed with Trump’s victory and subsequent resignation of Gensler.
Gensler’s replacement, Mark Uyeda, has already made severe changes to the agency, including reassigning or transferring many trusted officials of Gensler. He also instigated a new Crypto task force under the leadership of Hester Pierce, who is a crypto enthusiast, and dismantled the previous crypto enforcement unit. If this continues, we can see further such case drops in the upcoming future.
Uniswap Case Drop: Market Implications
In the last 24 hours following the SEC case drop of Uniswap, the UNI token has risen over 6% and is currently trading at $8.29 As of 26th February 2025, the coin is ranked #27 on its market capitalization, estimated to be $4.98 billion with a circulating supply of 600.51 million tokens. The coin’s RSI is currently at 34.87, indicating that the buying pressure will soon rise.
Furthermore, following the update, the market sentiment surrounding the token has changed drastically, especially considering that its Fear & Greed index jumped to 40 from 21. The social dominance of the token has also reached its highest during this year by recording 74. As more and more people become aware of the case drop by the SEC, there is a probability that the market value for the token will increase further in the coming days.
Will XRP Follow Uniswap?
As more and more prominent cases get dropped with each passing day by the SEC, everyone is wondering whether Ripple will follow them. Per many crypto legal advisers, there is a high chance that we will see a further case conclusion for XRP by the second quarter of 2025, especially under the leadership of Mark Uyeda.
Currently, the token is trading at $2.28 and ranked #4 in the market. If the case drop by SEC comes to pass, the XRP token will register exponential growth in the market. It could also surpass Tether USD, which currently holds the 3rd place. For further updates surrounding the matter, stay tuned.
