cyrpto Apes, Bored, case, creator, ends, Labs, NFTs, SEC, Yuga Mark March 4, 2025 0 Comments

US SEC ends case against Bored Apes NFTs creator Yuga Labs

The US Securities and Exchange Commission officially closed its investigation into Yuga Labs, the company behind the NFT Club Nft Bored Apes collection.

The regulator will not take any application measure and have not filed any accusation against the company. Yuga Labs confirmed the news in an article on March 3 on X, calling it a “huge victory” for the industry and the creators of the NFT. The company added: “NFT are not titles”.

After more than 3 years, the SEC officially closed its investigation into Yuga Labs.

It is a huge victory for NFTS and all creators advancing our ecosystem. NFTs are not titles.

– Yuga Labs (@yugalabs) March 3, 2025

The dry launched its probe on Yuga Labs in October 2022 to determine whether its NFT and Apecoin collections (MONKEY), a token linked to Béyc, must be classified as titles as part of the Howey test. The survey was part of a broader campaign against the NFT led by the former SEC president, Gary Gensler, who also targeted the NFT markets and the NFT fractionalized.

For Yuga laboratories and the largest NFT industry, the DSA’s decision to close the case without depositing charges is considered a major regulatory victory. The dry has abandoned Other surveys involving cryptocurrency companies in recent weeks, which coincides with the decision to conclude the Yuga Labs investigation.

The agency recently settled disputes with Coinbase and Kraken and concluded investigations on Opensea, Robinhood, Geminiand Uniswap Labs. The market provides that a quarter of regulation will have a positive impact on the Bayc NFTS floor pricewhich is currently negotiating around 133.75 Ethereum (Ethn), down more than 90% compared to its peak of 153.7 ETH in May 2022.

Meanwhile, on March 3, the working group on the crypto of the dry revealed On the official site of the regulator, it will hold a number of round tables for the public called “Spring Sprint towards the clarity of cryptography”. The purpose of these round tables is to establish more specific rules concerning digital assets.

The first event, “how we got here and how we go out – define security status”, is scheduled for March 21 from 5:00 p.m. to 9:00 p.m. UTC. These discussions will explore important problems in cryptographic regulations and indicate how the agency changes its position on digital assets.