According to the CEO, the SEC has completed its investigation into Ave

The US Securities and Exchange Commission has concluded its four-year investigation into the decentralized financial platform, according to Aave founder and CEO Stani Kulekov.

In a Tuesday X post, Kulkov presented a letter from the SEC on August 12, saying the agency “does not intend to recommend enforcement action” against Aave. The text of the letter indicates that the protocol faced possible enforcement action by the SEC in an investigation that began four years ago.

“We are happy to put this behind us as we enter a new era where developers build the financial destiny of the future,” said Kulekov.

Publicly available records on the SEC's website do not show a Wells notice issued to Aave. A Welsh notice is a notice of enforceable action. The protocol had not responded to a request for comment at the time of publication.

In a statement to Cointelegraph, an SEC spokesperson said the commission “does not comment on the existence or nonexistence of a possible investigation.”

According to data from Nansen, the price of Aave token (AAVE) has increased by more than 3% in the last 24 hours to reach $187.85.

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The end of the investigation into Aave will be the latest easing of the SEC's crackdown on regulations and enforcement actions against crypto companies since the inauguration of US President Donald Trump in January.

This year, the regulator dropped several years-old investigations and cases, including those against Uniswap Labs, Gemini and Ripple.

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This is a developing story, and more information will be added as it becomes available.