SEC Ends 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 decentralized finance platform Aave. Stani Kulechov, the founder and CEO of Aave, shared that the SEC has no intention of recommending any sanctions against Aave, as communicated in a letter sent on August 12.

No Sanctions After Years of Investigation

Kulechov stated in a post on the X platform that the letter from the SEC indicated that Aave was under the threat of potential sanctions during the investigation that started four years ago. The CEO expressed, “We are pleased to put this issue behind us as developers enter a new era where they 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 potential enforcement action in advance. An SEC spokesperson, in a statement to Cointelegraph, reported that the commission does not comment on the existence or absence of a potential investigation.

A New Era in Comprehensive Regulations

The conclusion of the investigation into Aave marks another step by the SEC in softening its regulatory and enforcement actions against crypto companies since Donald Trump's presidency. In 2025, the SEC dropped several long-standing investigations against companies such as Uniswap Labs, Gemini, and Ripple. According to a report published by The New York Times, the SEC has suspended or dismissed investigations related to crypto projects since January. These developments may lead to a decrease in uncertainty within the industry and an increase in investor confidence.