SEC Wraps Up Yuga Labs Probe, Declares NFTs Outside Securities Regulation
by aria-crypto.com
March 4, 2025 at 07:26
SEC Wraps Up Yuga Labs Probe, Declares NFTs Outside Securities Regulation
Yuga Labs, creator of the renowned Bored Ape Yacht Club NFT series, announced the conclusion of a Securities and Exchange Commission (SEC) investigation, affirming that NFTs do not qualify as securities. Initiated in 2022 under the leadership of former SEC Chair Gary Gensler, the investigation focused on whether certain NFTs behaved like conventional stocks under U.S. law. After over three years, the SEC has retracted its scrutiny, reflecting a broader relaxation in its approach towards the crypto sector. This decision is part of a wider trend of regulatory de-escalation, which also encompasses dropped cases against notable platforms like Coinbase and OpenSea. Despite the positive regulatory news, the market values for Yuga Labs' NFTs remain significantly below their peak levels of early 2022. This development marks a milestone for Yuga Labs, signaling potential decreased regulatory challenges for the NFT industry moving forward.
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