SEC Concludes Aave Investigation After Four Years

SEC Closes Aave Investigation After Four Years

The U.S. Securities and Exchange Commission (SEC) has concluded its four-year investigation into the decentralized finance platform Aave. Aave's founder and CEO, Stani Kulechov, shared that the SEC had no intention of recommending any sanctions against Aave in a letter sent on August 12.

No Sanctions After Years of Investigation

Kulechov stated in a post on X platform that the SEC's letter revealed that Aave had been under potential sanction threat during the investigation four years ago. The CEO expressed, “We are pleased to leave this matter behind as we enter a new era where developers can truly build the future of finance.”

Results of the Investigation and Crypto Regulations

There is no Wells notice issued to Aave on the SEC's website. A Wells notice is a notification of a possible enforcement action. An SEC spokesperson, commenting to Cointelegraph, stated that the commission does not comment on the existence or non-existence of a potential investigation.

A New Era in Comprehensive Regulations

The end of the investigation into Aave marks another move by the SEC to soften its regulatory and enforcement actions against crypto companies since Donald Trump’s presidency. In 2025, the SEC dropped several long-standing investigations against companies like Uniswap Labs, Gemini, and Ripple. According to a report published by The New York Times, since January, the SEC has suspended or rejected investigations related to crypto projects. These developments may lead to a reduction in uncertainty in the sector and an increase in investor confidence.