SEC ends probe into Aave after four years, CEO says
According to a letter posted by the protocol’s founder and CEO, the US agency does “not intend to recommend an enforcement action” against Aave.
Stani Kulechov, founder and CEO of Aave, said the US Securities and Exchange Commission ended a four-year investigation into the decentralized finance platform.
In a Tuesday X post, Kulechov provided an Aug. 12 letter from the SEC saying that the agency did “not intend to recommend an enforcement action” against Aave. The text of the letter suggested that the protocol had faced a potential enforcement action by the SEC in a probe initiated about four years ago.
“We’re glad to put this behind us as we enter a new era where developers can truly build the future of finance,” said Kulechov.