SEC Closes 4-Year Investigation into Aave Without Enforcement Action

TLDR The SEC concluded its 4-year probe into Aave, with no enforcement action taken against the DeFi protocol.  The SEC investigated whether Aave’s AAVE token and lending pools qualified as unregistered securities.  Aave’s team spent considerable time defending its decentralized platform during the SEC’s inquiry. Aave’s founder, Stani Kulechov, called the regulatory pressure on DeFi [...]

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