Yuga Labs Secures Major Win as SEC Closes Investigation Without Charges

Description

After more than two years under regulatory scrutiny, Yuga Labs announced that the US Securities and Exchange Commission (SEC) has officially closed its investigation into the company without taking enforcement action. While the agency has not disclosed the specific reasoning behind its decision, the move aligns with a broader shift in the SEC’s approach to cryptocurrency regulation. NFTs Not Securities The inquiry began in October 2022 and sought to determine whether Yuga Labs’ NFT offerings, in...