U.S. SEC Concludes Four-Year Investigation into Aave Without Legal Action

It has been confirmed that the U.S. Securities and Exchange Commission (SEC) has officially concluded its investigation into the Aave protocol, a decentralized finance platform. The investigation, which lasted about four years, ended without any recommendation for legal action. Mr. Stani Kulechov, founder and CEO of Aave, revealed the conclusion of the investigation in a post on X on the 17th. He mentioned that responding to the investigation required significant effort and resources. The SEC indicated in a letter that it does not intend to recommend any legal action regarding the investigation. The investigation began in the latter half of 2021. At that time, the SEC was not only focusing on centralized exchanges but also on DeFi protocols that provide lending and liquidity services without intermediaries...