The SEC has concluded its nearly four-year investigation into the Aave protocol

BlockBeats News, December 17, Aave founder Stani.eth announced that after four years, the United States Securities and Exchange Commission (SEC) has concluded its investigation into the Aave protocol. The Aave team has dedicated significant effort and resources to protect Aave and its ecosystem. In recent years, DeFi has faced unfair regulatory pressure, and now being able to break free from these constraints marks the beginning of a new era where developers can truly build the future of finance.

BlockBeats Note: The SEC, when closing a case without enforcement action, usually does not disclose the focus of the investigation. SEC investigations into DeFi projects often involve speculation within the industry, such as whether the token is considered a security or if the protocol's lending/governance functions require registration.