Catenaa, Friday, December 19, 2025- The Securities and Exchange Commission has concluded its four-year investigation into the Aave Protocol, Aave CEO Stani Kulechov confirmed Tuesday, adding the decentralized finance platform to the growing list of crypto entities no longer under SEC scrutiny.
Kulechov said on X that the conclusion allows developers to focus on building the future of finance without undue regulatory pressure.
An Aave Labs spokesperson noted the multi-year review involved ongoing engagement with regulators and has now formally ended, permitting the company to publicly confirm the outcome.
The SEC did not comment on the investigation.
A letter dated August 15, shared by Aave Labs, indicated that SEC staff would not recommend enforcement action against the protocol. The document referenced the Wells Notice, a formal notification used to inform firms that staff may propose enforcement action, though no action was taken.
The announcement follows similar developments in the crypto sector, including Ondo Finance’s disclosure that its SEC review, initiated under the Biden administration, had also concluded.
The SEC has recently adjusted its approach to digital assets, reducing enforcement actions related to registration issues, establishing a crypto task force, and launching “Project Crypto” to update rules focusing on onchain activity.
Kulechov said the outcome signals a new era for decentralized finance, where innovation can proceed with greater regulatory clarity.
The company emphasized that this is the first time it has publicly confirmed the resolution of the SEC review.
