Yuga Labs says SEC has closed its investigation into the company: 'NFTs are not securities'
Quick Take Yuga Labs, the company behind the Bored Ape Yacht Club and Cyberpunk NFT collections, announced that the SEC has closed its investigation into the company. The SEC has dropped a number of investigations into crypto companies in recent days, such as Coinbase, Kraken, Uniswap and more.

The U.S. Securities and Exchange Commission has closed its investigation into prominent NFT company Yuga Labs, the firm said.
"After 3+ years, the SEC has officially closed its investigation into Yuga Labs. This is a huge win for NFTs and all creators pushing our ecosystem forward," Yuga Labs wrote on X . "NFTs are not securities."
In recent days, the SEC has withdrawn its investigations into a number of prominent crypto-related companies, including Robinhood , Gemini , UniSwap Labs , Consensys-owned MetaMask , and OpenSea , and has settled cases with Coinbase and Kraken . The SEC is also moving towards settling its case against TRON's Justin Sun.
"The Cyber and Emerging Technologies Unit will root out those seeking to misuse innovation to harm investors, including fraud involving blockchain technology and crypto assets," the SEC said in its statement announcing the dismissal of its lawsuit against Coinbase.
The SEC originated its probe into Yuga Labs in October 2022.
"It’s well-known that policymakers and regulators have sought to learn more about the novel world of web3. We hope to partner with the rest of the industry and regulators to define and shape the burgeoning ecosystem," Yuga Labs told The Block at the time.
The SEC's long-standing lawsuit against Ripple remains in active litigation, however. President Donald Trump recently named XRP as one of the coins to be included in his proposed Crypto Strategic Reserve, alongside Cardano, Solana, Bitcoin and Ethereum.
The price of ApeCoin, a token associated with the Bored Ape Yacht Club ecosystem, is down 16% in the past 24 hours amid a broader market pullback, according to The Block's ApeCoin Price page .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Biggest red weekly candle ever: 5 things to know in Bitcoin this week
Bitcoin sees a bigger US dollar drop in a single week than ever before as risk-asset traders run for the exit.


L2 vs. L1: The Hidden War, Who Will Emerge as the Winner in dApp Revenue?
L2 is smarter than L1 because it only needs one sequencer

US stock market extends crash after S&P 500′s worst week since September
Share link:In this post: Stock futures dropped Sunday night after a brutal week where the S&P 500 lost 3.10%, the Dow fell 2.37%, and the Nasdaq dropped 3.45% amid economic uncertainty and tariff talks. Investors are bracing for key inflation reports this week, with CPI data on Wednesday and PPI on Thursday, which could impact Federal Reserve policy. Bitcoin crashed over 5% after Trump signed an order creating a US strategic Bitcoin reserve, disappointing investors expecting a bigger government buy-in.

Trending news
MoreCrypto prices
More








