SEC Ends Probe into Aave After Four Years, Says CEO
Summary
The US Securities and Exchange Commission (SEC) has concluded its four-year investigation into the decentralized finance platform Aave, deciding not to recommend any enforcement action. Stani Kulechov, Aave’s founder and CEO, shared the SEC’s August 12 letter confirming this outcome. No Wells notice was issued to Aave. The SEC declined to comment on the existence of the investigation. Following the announcement, Aave’s token price increased by over 3%, reaching $187.85. This move follows a broader pattern in 2024, with the SEC dropping several high-profile cases against crypto firms, including Uniswap Labs, Gemini, and Ripple.
