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SEC Ends 3-Year Probe Into Yuga Labs—What’s Next?

  • The US Securities and Exchange Commission (SEC) has ended its 3-year investigation into Yuga Labs, the company behind Bored Ape Yacht Club (BAYC) NFTs.
  • The investigation sought to determine whether Yuga Labs' NFTs and ApeCoin token should be classified as securities.
  • Yuga Labs maintained that NFTs are not securities and announced the SEC's decision to close the case, considering it a win for NFTs and creators.
  • The NFT community responded positively, but it remains to be seen how this decision will impact future regulation of NFTs.

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