<ul><li>The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Yuga Labs, the firm behind the Bored Ape Yacht Club (BAYC) NFT series and ApeCoin (APE), without imposing any penalties.</li><li>Yuga Labs considers this a significant win for the NFT ecosystem and digital artists, as it upholds the stance that NFTs are not securities.</li><li>The SEC examined whether Yuga Labs' NFT sales and ApeCoin distribution fell under securities regulations, but the investigation closed with no enforcement proceedings initiated.</li><li>This resolution with Yuga Labs is part of the SEC's recent shift in approach to crypto regulation, with other high-profile cases being resolved without penalties imposed.</li></ul>

No Charges for Yuga Labs as SEC Wraps Up Probe

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