icon
icon
icon
icon
$300 Off
$300 Off

News /

Articles /

SEC Drops Yuga Labs NFT Probe: A Win for Digital Assets

Coin WorldMonday, Mar 3, 2025 6:47 pm ET
1min read

Yuga Labs, the prominent NFT conglomerate, has announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the company. The SEC's probe, which began under former Chair Gary Gensler, was part of a broader examination of NFTs to determine if certain types, such as fractional NFTs, could be classified as securities under U.S. laws.

Yuga Labs, known for its popular NFT collections like Bored Ape Yacht Club and Mutant Ape Yacht Club, as well as its acquisition of the CryptoPunks rights, received the news of the investigation's closure on March 3. The company took to Twitter to express its satisfaction with the outcome, stating, "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. NFTs are not securities."

The SEC's decision to drop its investigation into Yuga Labs comes amidst a shift in the regulator's approach towards the crypto industry under the Trump administration. In recent weeks, the SEC has also closed its investigations into NFT marketplace OpenSea and crypto exchange coinbase, as well as dismissed a yearslong lawsuit against crypto exchange Kraken.

The SEC's actions suggest a more lenient stance towards the crypto industry, which could have significant implications for the future of NFTs and other digital assets. As the regulatory landscape continues to evolve, industry players and investors alike will be watching closely to see how the SEC's approach to crypto and NFTs develops under the new administration.

Comments

Add a public comment...
Post
User avatar and name identifying the post author
Puzzleheaded-Mood544
03/03
Kraken lawsuit dropped. SEC's crypto stance evolving fast.
0
Reply
User avatar and name identifying the post author
investortrade
03/04
@Puzzleheaded-Mood544 What's next for crypto?
0
Reply
User avatar and name identifying the post author
notbutterface
03/03
NFTs as art, not securities? SEC's move could set a precedent. Artists and creators might find new freedom in this space.
0
Reply
User avatar and name identifying the post author
Artistic_Studio2784
03/04
@notbutterface Artists' freedom? SEC just chillin'.
0
Reply
User avatar and name identifying the post author
whiteiversonyeet
03/03
SEC dropping charges = bullish for NFTs, y'all
0
Reply
User avatar and name identifying the post author
ev00rg
03/03
Yuga Labs breathing easier now. NFTs might just be art after all, not securities.
0
Reply
User avatar and name identifying the post author
WatchDog2001
03/03
Closed investigations = good vibes? OpenSea, Coinbase, and Kraken must be celebrating. What's next for these platforms?
0
Reply
User avatar and name identifying the post author
BranchDiligent8874
03/04
@WatchDog2001 What's next for crypto regs?
0
Reply
User avatar and name identifying the post author
HairyBallsOfTheGods
03/03
Yuga Labs breathing easier, but regulations loom large
0
Reply
User avatar and name identifying the post author
aj_cohen
03/04
@HairyBallsOfTheGods What's next for Yuga?
0
Reply
User avatar and name identifying the post author
conquistudor
03/03
SEC's softening stance might mean $TSLA next? 🤔
0
Reply
User avatar and name identifying the post author
notbutterface
03/04
@conquistudor Do you think TSLA's price will moon?
0
Reply
User avatar and name identifying the post author
CaseEnvironmental824
03/03
OpenSea and Coinbase in the clear, what's next?
0
Reply
User avatar and name identifying the post author
MCU_historian
03/03
Yuga Labs breathing easier, but long-term impact of SEC's shift depends on future admin changes. Stay nimble, folks.
0
Reply
User avatar and name identifying the post author
careyectr
03/04
@MCU_historian Good.
0
Reply
User avatar and name identifying the post author
pregizex
03/03
Holding $BAYC, glad SEC's focus shifting. More growth!
0
Reply
User avatar and name identifying the post author
GrapeJuicex
03/04
@pregizex I got in on $BAYC late, FOMO hitting hard. Should've held my shares longer.
0
Reply
User avatar and name identifying the post author
LackToesToddlerAnts
03/04
@pregizex How long you been holding $BAYC? Think it'll keep climbing?
0
Reply
User avatar and name identifying the post author
vannucker
03/03
NFTs as art, not securities? 🤔 Makes sense
0
Reply
User avatar and name identifying the post author
Bothurin
03/04
@vannucker NFTs as art? Not always, bro.
0
Reply
User avatar and name identifying the post author
ultrapcb
03/03
Digital assets dancing on the edge of mainstream acceptance. Next stop: moon or bust?
0
Reply
User avatar and name identifying the post author
Ok-Swimmer-2634
03/04
@ultrapcb You think it's gonna moon?
0
Reply
User avatar and name identifying the post author
TheRealJakeMalloy
03/03
Kraken off the hook. SEC playing nice or just changing the game?
0
Reply
User avatar and name identifying the post author
zarrasvand
03/04
@TheRealJakeMalloy Not sure, just vibes.
0
Reply
User avatar and name identifying the post author
MustiXV
03/03
NFTs could boom if SEC keeps easing up. Gonna hodl my digital art tight.
0
Reply
User avatar and name identifying the post author
WorgenFurry
03/03
SEC dropping charges like they're hot. Crypto's getting more legit by the day. 🚀
0
Reply
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App