The company that established the Ape Ape Yacht Club (Bayc) NFTS, Yuga Labs celebrates a great victory in the court. Without following any enforcement measures, the US Securities and Stock Exchange Committee (SEC) is officially The investigation has ended In the company.
This decision It puts an end to the investigation, which lasted for more than three years and wondered whether Yuga Labs and Apecoin (APE) should be classified as stock.
SEC probe and its purpose
SEC first launched its investigation Yuga Labs In October 2022, at the time, the organizers were looking at whether Bayc NFTS and Apecoin had fallen under federal securities laws. The investigation was part of a wider effort to determine how digital assets are organized in the United States.
Yuga laboratories were preserved during the investigation that NFTS is not securities. On March 3, 2025, the company announced on X (previously Twitter) that SEC has officially closed its case, describing it “a great victory for NFTS and all creators who pushing our ecosystem forward.”
After 3 years, the Supreme Education Council officially closed its investigation at Yuga Labs.
This is a great victory for NFTS and all creators who push our ecosystem forward. Nfts is not securities.
Yuga Labs (Yugalabs) March 3, 2025
Long wait for clarity
Yuga Labs worked under the SEC probe for more than three years. The NFT space was tense due to uncertainty about possible regulatory procedures. Many of the industrial participants were concerned that a decision against Yuga Labs may lead to tougher guidelines for other NFT initiatives.
Now the case has been dropped, some see it as a sign that the organizers may rethink their approach to NFTS. Others believe that this can simply be one of the many steps before SEC completely determines how you want to deal with digital holdings.
How was the NFT market reaction
The news was met with a positive response from the NFT community. Yuga Labs's supporters and industry numbers praised SEC as a sign of this Nfts You may not face the same organizational audit as some cryptocurrencies.
But it is still not clear what SEC will do with other NFT projects in the future. The investigation of this case has ended, but this does not mean that this similar will not happen again in the future. Currently, Yuga Labs came out in the foreground.
What does this mean to regulate the encryption
The decision of the Supreme Education Council may be to stop the investigation without providing impact fees on how to see NFTS in the future. Although this does not specify a legal precedent, it indicates that the agency is ready to distinguish between different types of digital assets.
Some experts believe this may be a turning point, while others warn that it will be a long time before the regulations are clear. Regardless of what, the end of this investigation is useful for Yuga laboratories and NFT space as a whole.
Distinctive image from Gemini Imagen, the tradingvief chart