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

No Sanctions After Years of Investigation

Kulechov expressed in a post on X platform that the SEC's letter highlighted that Aave had been under potential sanction threat during the investigation that began four years ago. The CEO stated, "We are pleased to put this behind us 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 potential enforcement action. An SEC spokesperson told Cointelegraph that the commission “does not comment on the existence or non-existence of any potential investigation.”

A New Era in Comprehensive Regulations

The conclusion of the investigation into Aave is another step toward softening the SEC’s regulatory and enforcement actions against crypto companies since Donald Trump’s presidency. In 2025, the SEC dropped many long-standing investigations against companies like Uniswap Labs, Gemini, and Ripple. According to a report by The New York Times, the SEC has suspended or rejected investigations related to crypto projects since January. These developments may lead to reduced uncertainty in the sector and increased investor confidence.