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SEC Investigation into Yuga Labs Dropped

The Bored Apes creator declared "NFTs are not securities," after sharing the update.
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Mar 4, 2025 • 1 min read

Yuga Labs announced that the SEC has closed its investigation into the company, declaring NFTs are not securities. This decision is part of a broader withdrawal of investigations into several crypto companies by the SEC in recent days. The closure of this investigation is seen as a positive development for the NFT ecosystem as regulators seek to balance innovation with investor protection.

What’s the Scoop?

  • Regulatory Closure: The SEC has officially closed its investigation into Yuga Labs, marking an end to scrutiny over whether NFTs are considered securities.
  • Industry Impact: This decision is part of a larger trend, with the SEC also withdrawing investigations into other crypto firms like Coinbase and Kraken.
  • Future Collaborations: Yuga Labs expressed interest in working with regulators and the industry to define the burgeoning ecosystem of Web3.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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