Overview
- Aave’s founder Stani Kulechov said the SEC has closed its roughly four-year inquiry without recommending enforcement action.
- Kulechov described the process as resource-intensive and voiced optimism about DeFi’s future, declaring that “DeFi will win.”
- A governance proposal from BGD Labs co-founder Ernesto Boado would transfer Aave’s domains, trademark, social channels, GitHub and developer gateways to a DAO-controlled legal entity with anti-capture safeguards, with voting yet to open.
- Market reaction to the regulatory update was subdued, with the AAVE token showing little immediate upside.
- The resolution aligns with a 2025 pattern of eased SEC crypto actions, and Aave remains one of DeFi’s largest lenders with about $32.8 billion in assets tracked by DefiLlama.