Regulatory Retreat? SEC Drops Yuga Labs Investigation Amid Crypto Policy Shift

Yuga Labs, the blockchain innovator behind the popular Bored Ape Yacht Club (BAYC) non-fungible token (NFT) series, declared today that the U.S. Securities and Exchange Commission has concluded its inquiry without pursuing enforcement action. Yuga Labs: ‘NFTs Are Not Securities’ Regulators terminated their scrutiny of the company this week, ending a probe launched in October […]