‘DeFi will win,’ Aave CEO says after SEC ends years-long probe
Aave CEO Stani Kulechov confirmed the SEC concluded its four-year investigation without recommending enforcement action.Summary
Aave CEO Stani Kulechov announced that the U.S. Securities and Exchange Commission (SEC) has concluded its four-year investigation into the Aave Protocol, marking another crypto entity exiting the agency's scrutiny. Kulechov stated that DeFi has faced unfair regulatory pressure and expressed relief in moving past the probe as they enter an era where developers can build the future of finance. A screenshot of a letter dated August 15 indicated the SEC did not plan to recommend enforcement action, referencing a prior Wells Notice. This development follows a similar conclusion of an SEC probe into Ondo Finance and aligns with the SEC's recent shift in approach to digital assets, including forming a crypto task force and launching "Project Crypto" to update rules focused on onchain activity.
(Source：The Block)