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The U.S. Securities and Exchange Commission has concluded its investigation into DeFi protocol Aave, bringing an end to a regulatory process that lasted nearly four years, according to Aave founder Stani Kulechov.
The development removes a major source of uncertainty around one of the largest decentralized finance platforms in the market, based on the reports describing the closure notice.
Aave founder Stani Kulechov confirmed the outcome in a public post, saying the regulator will not pursue enforcement action against the protocol, as described in the SEC staff letter he shared.
Read The Full Article Aave Cleared: SEC Drops 4-Year Probe, Greenlights DeFi Giant On Coin Edition.
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