SEC Closes Case on Yuga Labs, Signaling Positive Shift for NFT Industry
by aria-crypto.com
March 3, 2025 at 22:48
SEC Closes Case on Yuga Labs, Signaling Positive Shift for NFT Industry
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Yuga Labs, the creator of the Bored Ape Yacht Club NFT series, with no enforcement action taken. This decision was highlighted by the company as a significant victory for the NFT space. Yuga Labs has been under the SEC’s scrutiny since 2022, concerning possible violations of federal securities laws through their NFTs and ApeCoin distributions. The closure of their case is part of a broader trend where the SEC has relaxed its approach towards crypto companies, including heavyweights like Coinbase and Binance. Recently, the SEC has also restructured, creating a Cyber and Emerging Technologies Unit and establishing a task force to refine crypto regulatory guidelines. Yuga Labs continues to push forward, having initiated new enterprises like BAYC LLC to foster innovation within their leading NFT brand.
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