According to reports, the U.S. Securities and Exchange Commission (SEC) has officially halted its investigation into Uniswap Labs. This decision follows SEC’s new approach to easing regulatory pressures on blockchain projects. Previously, the agency had set aside similar cases against Coinbases and Robinhood. This shift is seen as a positive step for the entire digital currency industry and could pave the way for clearer regulations and more support for blockchain innovations. Meanwhile, Grayscale, one of the largest digital asset management companies, has submitted a request to launch an Exchange-Traded Fund (ETF) for Polkadot (DOT) to the SEC amidst increasing competition in the ETF market for altcoins. This request marks the second stage in the registration process for crypto ETFs with the SEC considering DOT tokens as the underlying assets. With the Trump administration’s crypto-friendly policies leading to a surge in ETF requests for altcoins, the SEC has also recently reviewed requests for spot ETFs for Ripple (XRP) and Litecoin (LTC). Bloomberg analysis estimates a 90% approval likelihood for Litecoin and 65% for Ripple ETFs. The halt of the Uniswap investigation and the rise in altcoin ETF applications indicate a shift in regulatory approach and increased acceptance of digital assets in the U.S. financial system. These developments could create a more favorable environment for the growth of the digital currency market.
