SEC Finally Gives Up on Aave After Four Years of 😉 Drama

by

Stani Kulechov, the brain behind the chaotic wonderland called Aave, announced with the enthusiasm of someone who just found an extra sock that doesn’t match-that the US Securities and Exchange Commission (SEC) has given up after four long years of poking, prodding, and generally acting like a bureaucracy gone wild. 🥳

On Tuesday, via an X post (never called Twitter again, obviously), Kulechov revealed an Aug. 12 letter from the SEC. The letter politely suggesting that they had better things to do than bother Aave anymore-specifically, that they “do not intend to recommend an enforcement action.” Basically, the SEC’s way of saying, “You’re free to go… unless we change our minds again, which is highly probable.”

“We’re glad to put this behind us as we enter a new era where developers can truly build the future of finance,” proclaimed Kulechov, presumably while doing a happy dance or perhaps just sighing with relief while considering a good nap.

Curiously, public records show no Wells Notice-imagine that, a formal warning of impending doom that never arrived. It’s like waiting for a pizza delivery that never leaves the oven but somehow costs you the same amount of money. The SEC, being as transparent as a rainy window, wouldn’t comment on whether the investigation was still lurking around or had finally decided to call it quits.

An SEC spokesperson, when pressed, responded with their usual cryptic brilliance: “We do not comment on the existence or nonexistence of a possible investigation.” Well, that clears everything up-or nothing at all. 🤔

Meanwhile, the price of Aave’s token (AAVE) shot up over 3% in just 24 hours, reaching a stratospheric $187.85. Because nothing says celebration like a digital asset party.

This marks what some are calling “the beginning of the end” of an era of relentless regulation since the dawn of President Donald Trump’s administration, a period noted for investigations that seemed to last longer than some careers. Years-long probes against Uniswap Labs, Gemini, and Ripple also got the boot, probably because the SEC realized it was easier to chase small fish than to catch the whale.

This story is still unfolding-think of it as a soap opera with fewer characters and more legal jargon. Stay tuned for updates, or don’t, because frankly, who can keep track of all this?

Read More

2025-12-16 22:54