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SEC BACKS OFF: UNISWAP ANNOUNCES END OF INVESTIGATION
The platform called the move a “huge win for DeFi” after reports have suggested the SEC may be radically changing its approach to crypto enforcement in 2025.
Uniswap Labs, the developer behind the Uniswap decentralized exchange, reported that the US Securities and Exchange Commission (SEC) has dropped its probe into the firm.
According to a Feb. 25 X post, the SEC concluded its investigation into Uniswap and has no plans to pursue enforcement action against the firm. The report followed Uniswap’s announcement that it received a Wells notice from the SEC in April 2024 while the commission was under the leadership of then-Chair Gary Gensler.
“This is a huge win for DeFi and reaffirms what we’ve always known – that the technology we build is on the right side of the law, and our work is on the right side of history,” said Uniswap.
At the time of publication, the SEC had not made any official announcement regarding Uniswap. However, Coinbase made a similar claim on Feb. 21 that the commission would be closing its case against the crypto exchange roughly two years after being launched. The regulator’s Enforcement Division will also be closing investigations into Robinhood Crypto and OpenSea.
Changing course on crypto in 2025?
According to multiple filings with the SEC, the commission’s crypto task crypto met with representatives of several firms in February as part of efforts to explore potential changes to digital asset regulation.
Commissioner Hester Peirce, who leads the task force, suggested that the SEC wait until it has a Senate-confirmed chair to set a different regulatory path.
However, with the Uniswap action and others, the commission seems to be quickly changing its approach to crypto enforcement. Some experts have suggested that all other SEC cases, including a pending appeal from Ripple Labs following a court judgment, could be paused or withdrawn entirely.
Before US President Donald Trump took office, Reuters reported that the SEC would consider freezing all crypto enforcement cases that did not involve fraud as part of the administration’s change in policy on digital assets.
Project 2025, an ultra-conservative policy framework that Trump’s team has largely followed since Jan. 20, suggested that the administration “remove regulatory impediments” at the SEC.
@ Newshounds News™
Source: CoinTelegraph
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NASDAQ FILES 19B-4 FOR CANARY CAPITAL’S HEDERA HBAR SPOT ETF
Big news for HBAR and Litecoin. Nasdaq has officially filed a 19b-4 form with the SEC, seeking approval to list and trade shares of the Canary HBAR ETF.
According to Bloomberg analyst Eric Balchunas, this puts HBAR and Litecoin in the best position among current altcoin ETF filings, increasing their chances of gaining regulatory approval ahead of others. This ETF is designed to track the real-time price of HBAR, the 21st-largest cryptocurrency by market capitalization.
This filing marks a significant expansion of Canary Capital’s crypto investment products, following the launch of its HBAR Trust in October 2024 and an initial ETF registration (S-1) in November.
What This Means for HBAR?
If approved, the ETF would allow investors to gain exposure to Hedera’s HBAR token without directly purchasing or holding it. This kind of institutional investment vehicle has historically been seen as a positive development for crypto adoption, making it easier for traditional investors to enter the space.
HBAR’s price has reacted positively to the news, surging 5% following Nasdaq’s filing. This follows a previous 20% jump after the S-1 filing in November, showing strong investor enthusiasm for an HBAR-based ETF.
Canary Capital’s Growing Influence in Crypto ETFs
Canary Capital is also pursuing other cryptocurrency ETFs. Alongside the HBAR ETF, the firm has filed for a spot Litecoin ETF, which is now awaiting SEC approval. According to Bloomberg analyst Eric Balchunas, Litecoin’s regulatory outlook appears favorable, as it has not been caught in legal disputes with the SEC and has been classified as a commodity by the CFTC.
The spot Litecoin ETF has already been listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker “LTCC,” an essential step toward its launch.
More Crypto ETFs in the Pipeline
Canary Capital isn’t stopping at HBAR and Litecoin. The firm has also filed for a spot XRP ETF, which the SEC has already acknowledged. Plus, there are reports that Canary is exploring similar investment products for Solana (SOL), indicating a broader push for crypto ETFs.
The introduction of more spot crypto ETFs signals a growing interest in making digital assets more accessible to institutional investors.
While the SEC’s decision on the HBAR ETF is still pending, this filing represents a major step toward mainstream crypto adoption. If approved, it could pave the way for more blockchain-based investment products in the future.
@ Newshounds News™
Source: Coinpedia
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