BitDegree 52 minutes ago
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Yuga Labs, the company behind several well-known non-fungible token (NFT ($0.00)) collections, has announced that the US Securities and Exchange Commission (SEC) has officially closed its investigation into the company.
The probe, which began in October 2022, aimed to determine whether certain NFTs functioned similarly to traditional stocks and should be regulated as securities.
This was part of an effort under former SEC Chair Gary Gensler to examine the NFT market, including creators and trading platforms, to assess potential regulatory concerns.
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On March 3, Yuga Labs confirmed the investigation’s conclusion in a
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