SEC Signals Positive Shift in NFT Market Regulations – BitRss

The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Yuga Labs, a prominent player in the NFT ($0.00) market. The company announced that the inquiry, which had been ongoing for nearly three years, has concluded. This development indicates a significant shift in the regulatory approach of the SEC towards the NFT market, with similar cases also being dismissed.

Changes in SEC’s NFT Policies

SEC previously conducted extensive research to determine whether NFTs qualify as securities. Investigations initiated during the Biden administration aimed to closely examine NFT projects and platforms. However, there has been a noticeable change in the regulatory body’s stance on such cases following Donald Trump‘s return to the presidency.

Yugo Labs

The SEC has yet to provide a clear definition regarding the classification of NFTs as securities. However, the closur…