美国证券交易委员会（SEC）已对UNISWAP实验室进行了为期一年的调查

美国证券交易委员会（SEC）已放弃了对Uniswap Labs的长期调查，结束了一个监管案件，引起了人们的关注

The U.S. Securities and Exchange Commission (SEC) has dropped its year-long investigation into major decentralized exchange Uniswap, marking the end of a regulatory case that had raised significant concerns across the decentralized finance (DeFi) industry.

美国证券交易委员会（SEC）已放弃了对主要分散交易所UNISWAP的长期调查，这标志着监管案件的终结，该案件在整个分散的财务（DEFI）行业中引起了重大关注。

The SEC was investigating whether Uniswap functioned as an unregistered broker, exchange, and clearing agency while offering unregistered securities. However, after months of scrutiny, the case has been closed without further action.

SEC正在调查UNISWAP在提供未注册证券的同时，是否充当未注册的经纪人，交换和清算代理商。但是，经过几个月的审查，该案已关闭，没有进一步的行动。

This development follows a trend where the SEC is dropping multiple crypto-related enforcement cases, signaling a shift in strategy under the new administration of President Donald Trump.

这一发展是在SEC撤销多个与加密相关的执法案件的趋势之后，这表明在唐纳德·特朗普总统的新政府下，战略发生了变化。

The SEC's decision to close the investigation into Uniswap Labs and its flagship exchange comes after a year of speculation and anticipation within the crypto industry.

SEC决定关闭对UNISWAP实验室的调查及其旗舰交易所进行的调查是在加密行业的一年猜测和期待之后。

The probe, which began in February 2024, arose from the SEC's interest in Uniswap's activities within the DeFi space. The regulator's focus was particularly directed towards the exchange's token, UNI, and whether it was sold illegally during a 2023 token offering.

该调查始于2024年2月，源于美国证券交易委员会（SEC）对UNISWAP在Defi空间内的活动的兴趣。监管机构的重点特别针对交易所的令牌，Uni，以及在2023年的代币产品中是否非法出售。

The SEC's investigation also aimed to determine if Uniswap acted as an unregistered broker, exchange, and clearing agency when facilitating the trading of cryptocurrencies on its platform.

SEC的调查还旨在确定UNISWAP在促进其平台上的加密货币交易时是否充当未注册的经纪人，交换和清算机构。

This case was closely watched by crypto enthusiasts and professionals alike, as it was expected to influence the regulatory treatment of DEXs in the years to come.

加密爱好者和专业人士都密切关注此案，因为预计在未来几年中会影响DEX的监管治疗。

Now that the SEC has dropped its probe, discussions on new DeFi regulations are expected to gain momentum.

既然SEC已经放弃了调查，那么对新的Defi法规的讨论有望获得动力。

Uniswap CEO Hayden Adams reacted to the news by saying that traditional finance (TradFi) regulations do not apply to DeFi and that new frameworks are needed.

UNISWAP首席执行官海登·亚当斯（Hayden Adams）对新闻做出了反应，称传统的金融（TradFI）法规不适用于DEFI，并且需要新的框架。

“This is a huge win, not just for Uniswap Labs but for DeFi as a whole. I’m grateful that the new SEC leadership is taking a more constructive approach, and I look forward to working with Congress and regulators to help create rules that actually make sense for DeFi,” Adams said.

“这是一个巨大的胜利，不仅是对uniswap实验室的胜利，而且对于整个Defi来说。我很感激新的SEC领导者正在采取更具建设性的方法，我期待与国会和监管机构合作，以帮助创建实际上有意义的规则。”亚当斯说。

Following the SEC’s announcement, the UNI token saw a brief price increase and its daily trading volume went up by over 140%, according to CoinMarketCap data.

根据CoinMarketCap的数据，SEC宣布的公告后，Uni代币的价格略有上涨，其日常交易量增长了140％以上。

However, UNI’s price is still down 30% this month, despite major network upgrades. The launch of Uniswap v4 and the Unichain mainnet earlier this month did not provide lasting support to its value. As of February 26, UNI is trading at $8.287, according to TradingView data.

但是，尽管网络升级进行了重大的升级，但本月Uni的价格仍在下跌30％。本月初的UNISWAP V4和Unichain Mainnet的推出并没有为其价值提供持久的支持。根据TradingView数据，截至2月26日，UNI的交易价格为8.287美元。

The end of the SEC probe removes a key regulatory concern, but market conditions continue to affect Uniswap’s token price.

SEC调查的结束消除了关键的监管问题，但市场条件继续影响Uniswap的代币价格。

The SEC's decision to close the case against Uniswap also marks the latest instance of the regulator dropping enforcement actions against crypto firms.

美国证券交易委员会（SEC）决定对UNISWAP进行案件的决定也标志着监管机构对加密公司的执法行动的最新情况。

Recently, the Commission closed cases against Coinbase, Opensea, and Robinhood. The cases were initiated during the administration of former SEC Chair Gary Gensler, who took a firm stance against crypto companies.

最近，该委员会关闭了针对Coinbase，Opensea和Robinhood的案件。这些案件是在前美国证券交易委员会主席加里·盖斯勒（Gary Gensler）管理期间开始的，后者对加密货币公司采取了坚定的立场。

However, under the new administration, the SEC appears to be stepping back from aggressive enforcement actions. The closure of the Unisoplan case aligns with this broader shift in regulatory strategy.

但是，在新政府的领导下，SEC似乎正在退出积极的执法行动。 Unisoplan案件的关闭与监管策略的这种更广泛的转变保持一致。

This development also sparks further discussion on the need for clearer regulations tailored to the unique characteristics of decentralized exchanges and the DeFi ecosystem as a whole.

这一发展还引发了关于对分散交流和整个Fefi生态系统的独特特征量身定制的更清晰法规的进一步讨论。