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International Business Times

Business

Marvie Basilan

SEC Drops Investigations Into Robinhood Crypto, Uniswap, Driving $UNI Price Up

SEC Uni Robinhood Uniswap Robinhood Crypto Crypto Wells Hayden Adams Vlad Tenev DeFi

Robinhood Crypto is one of the firms the SEC under ex-Chair Gary Gensler that received a Wells notice over its crypto services. (Credit: Robinhood Crypto on X)

KEY POINTS

Robinhood lauded the SEC staff's decision to close the probe on RHC
Robinhood CEO Vlad Tenev said he still believes regulation is 'good' for the space
Uniswap reiterated it was open to discussions with regulators on how to policy development
Uniswap's Hayden Adams thanked the new SEC leadership for 'taking a more constructive approach'

The U.S. Securities and Exchange Commission (SEC) has dropped its investigations into fintech firm Robinhood and cryptocurrency protocol Uniswap, driving UNI prices higher despite the broader crypto market downturn.

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