Yuga Labs secures the big victory as SEC closes the investigation without fees

After more than two years under organizational audit, Yuga Labs announced that the US Securities and Stock Exchange Committee (SEC) has officially closed its investigation into the company without taking enforcement measures.

While the agency did not reveal the specified thinking behind its decision, this step corresponds to a broader shift in the SEC approach to organizing encrypted currency.

Nfts is not securities

The investigation started in October 2022 and sought to determine whether Yuga Labs’s NFT offers, including Ape Ape Yacht Club (Bayc) and distributing federal securities laws.

SEC decision not to follow the charges more than two years after a great milestone for NFT. in statement In X, Yuga Labs described it as a “huge victory” of the industry and the facility who lead the ecosystem of digital assets forward.

After 3 years, SEC 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. “

In recent weeks, the Organizational Control Authority has dropped or suspended investigations into the main encryption companies, including Coinbase, Binance, Robinhood, Gemini, OpenSea and UISWAP. SEC has also solved the former encryption section and introduced the new Internet and Evening Technology Unit, indicating a possible re -calibration of its organizational position.

The price of the floor of the monkeys is bored on Opensea for a short period of 13.9 ETH on Monday. After a slight decline, the current price settled at 13.75 ETH.

NFT Market

The NFT market faced major challenges in 2024, as trading volumes decreased to $ 1.5 billion in the third quarter. However, a partial recovery in the fourth quarter pushed backup volumes to $ 2.6 billion.

This volatility was accompanied by a decrease in total sales compared to 2023, indicating that NFTS was sold at higher prices, and may be affected by the values ​​of the distinctive symbol such as ETH. By the end of the year, the total trading volume decreased by 19 %, while sales numbers decreased by 18 %.

Despite the short -term values, the Global NFT market is expected to grow by $ 84.13 billion between 2025 and 2029, according to the last Technavio Ticket. This growth is expected to be an annual rate of 30.3 %. The increasing demand for digital art and attention from the main brands is the main factors that drive this expansion, but the uncertainty surrounding NFTS still represents a market challenge.