SEC Concludes Aave Investigation After Four Years

SEC Closes Aave Investigation After Four Years

The U.S. Securities and Exchange Commission (SEC) has ended 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 proposing any sanctions against Aave in a letter sent on August 12.

Zero Sanctions After Years of Investigation

Kulechov stated in a post on X platform that the SEC's letter revealed that Aave was under the potential threat of sanctions during the investigation that began four years ago. The CEO said, “We are pleased to move past this as developers enter a new era where they can truly build the future of finance.”

Investigation Results and Crypto Regulations

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

New Era in Comprehensive Regulations

The closure 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 many 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 rejected investigations related to crypto projects since January. These developments may lead to a reduction in uncertainty in the sector and an increase in investor confidence.