The role of crypto governance has become evident today.

Aave founder Stani Kulechov announced that the investigation by the U.S. Securities and Exchange Commission into the protocol has officially concluded, with no enforcement actions taken. This investigation lasted a full four years.

Speaking of which, the two ongoing questions during these four years have been: Is the AAVE token considered a security? Do DeFi lending services need to follow that registration process? Now that there is an answer, the entire issue is finally settled.

For the DeFi industry, this is a significant positive development. After all, regulatory clarity provides confidence for future projects. There’s no need to repeatedly debate these fundamental issues; focus can shift to product development and innovation. This level of regulatory certainty is genuinely beneficial for the overall ecosystem’s growth.