Key Takeaways
- The SEC concluded its investigation into Aave without recommending enforcement action.
- Aave’s founder says the decision marks a turning point after years of regulatory pressure on DeFi.
The U.S. Securities and Exchange Commission has concluded its four-year investigation into the Aave Protocol without recommending enforcement action, according to founder Stan Kulechov.
The SEC’s notice stated: “We have concluded the investigation… Based on the information we have as of this date, we do not intend to recommend an enforcement action.” It also noted that this should not be construed as exoneration.
Aave is one of the largest decentralized finance protocols, with billions in TVL and a key role in shaping lending and borrowing across crypto.
Source: https://cryptobriefing.com/aave-sec-investigation-conclusion/
