NEWSLETTER
In a historic decision for the non -fungible token industry (nft), the United States Stock Exchange and Securities Commission (SEC) has concluded its research on Yuga laboratories, the creator of the boring APE Yacht Club (Bayc) and the mutant nft ape yacht club (Mayc) nft collections, without recommending any compliance action of the application. This development, announced by Yuga Labs on March 3, 2025, marks a significant moment for the nft sector and its regulatory landscape.
Research history
The SEC initiated its research on Yuga Labs in October 2022, with the aim of determining whether the company's nft offers and the distribution of APECOIN, a cryptocurrency associated with the Bayc ecosystem, violated federal values laws. The center of this investigation was the application of the Howey test, a legal framework established by the United States Supreme Court in 1946 to assess whether certain transactions qualify as investment contracts, classifying them as values.
Yuga Labs's response and industry implications
When closing the investigation, Yuga Labs expressed his satisfaction, affirming, “After more than 3 years, the SEC has officially closed its research in Yuga Labs. This is a great victory for nft and all creators who drive our ecosystem. nfts are not values. “ This result is perceived as a positive signal for the broader nft community, which potentially establishes a precedent of how digital assets are classified and regulated in the future.
Fountain: <a target="_blank" href="https://x.com/yugalabs/status/1896687377915187538″ target=”_blank”>unknown
Changes in the regulatory approach
The conclusion of Yuga Labs research is aligned with a series of recent actions that suggest a more indulgent regulatory position towards digital assets under the current SEC leadership. In particular, the SEC has eliminated or suspended investigations in several important cryptocurrency firms, including coinbase, binance, robinhouse, opensa and unisswap. In addition, the agency has restructured its cryptographic division, establishing a new unit of cyber and emerging technologies and forming a working group dedicated to developing clearer regulatory guidelines.
Market reactions and future perspectives
After the ad, the price of the floor for APER BURING nft IN ONENSEA Marketplace experienced a modest increase of 3.8%, increasing from 13.39 eth to a peak of 13.75 eth. However, it is important to keep in mind that boring have seen a significant decrease in the value of its maximum 153.7 eth floor price almost three years ago, which reflects broader market trends in the nft space.
Fountain: Opensa
The closing of the SEC's research on this is seen widely as a crucial moment for the nft industry, offering a clearer regulatory environment that could promote innovation and growth. As the SEC continues to refine its approach to digital assets, interested parties throughout the cryptographic ecosystem remain hopeful for greater regulatory clarity that balances the protection of investors with the promotion of technological progress.
About Yuga Labs
Yuga LabsThe project of the recognized Burse Ape Yacht Club (Bayc) nft Collection, is one of the main nft development companies in the market. In March 2022, Yuga Labs raised successfully <a target="_blank" href="https://crypto-fundraising.info/projects/yuga-labs/” target=”_blank”>$ 450 millionbringing its valuation to $ 4 billionwith A16z Leading the investment round along with other important investors.
Current projects in the Yuga Labs ecosystem include:
• Bayc (Bored Ape Yacht Club)
• Mayc (Mutant Ape Yacht Club)
• BAKC (BORED APRE KENNEL CLUB)
• Cryptopunks
• Meekits
•… ..
The Publication of the SEC launches research in Yuga Labs: a change of game for nft and crypto appeared first in nft Night.
