🤙The SEC has officially closed the investigation into Yuga Labs
After more than 3 years of investigation, the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Yuga Labs without any enforcement action.
This is a major victory not only for Yuga Labs but also for the entire NFT industry and the creative community within this ecosystem.
This outcome also reinforces the position that NFTs are not securities, paving the way for stronger development of the Web3 industry in the future.