Isabella García
Yuga Labs has confirmed that the U.S. Securities and Exchange Commission (SEC) has officially ended its three-year investigation into the company.
“After more than three years, the SEC has closed its investigation into Yuga Labs. This is a major victory for NFTs and for all creators pushing the Web3 ecosystem forward,” the company stated on X (formerly Twitter), emphasizing that “NFTs are not securities.”
In recent weeks, the SEC has dropped inquiries into several high-profile crypto firms, including:
- Robinhood
- Gemini
- UniSwap Labs
- MetaMask (owned by Consensys)
- OpenSea
Additionally, the regulator settled cases with Coinbase and Kraken and is moving toward a resolution with TRON founder Justin Sun.
Despite these dismissals, the SEC continues its lawsuit against Ripple, with XRP still at the center of ongoing litigation.
Regulators Continue to Monitor Blockchain Innovation
The Cyber and Emerging Technologies Unit of the SEC reiterated its stance on crypto-related investigations, stating:
“We remain committed to identifying and addressing fraudulent activities in the blockchain and digital asset sectors to protect investors.”
Yuga Labs had been under SEC scrutiny since October 2022, as regulators sought to better understand the evolving Web3 landscape. At the time, the company expressed a willingness to collaborate with policymakers to help shape the industry’s regulatory framework.
ApeCoin Declines Amid Market Pullback
Meanwhile, ApeCoin (APE)—a token linked to Bored Ape Yacht Club (BAYC)—has fallen 16% in the past 24 hours, in line with a broader market downturn, according to PRIME’s ApeCoin Price page.
As regulatory uncertainties clear, the NFT sector continues to evolve, with industry leaders like Yuga Labs playing a key role in shaping its future.
