Yuga Labs Cleared: SEC Abandons Investigation Amidst Evolving Crypto Landscape
The SEC concluded its investigation into Yuga Labs without enforcement, determining their NFTs are not securities, marking a significant win for NFT creators.
This decision follows similar SEC retreats from inquiries into major crypto platforms like Coinbase and Kraken. Additionally, a judge ruled against the SEC in a case involving HEX founder Richard Heart, limiting the agency’s jurisdictional reach.
These developments signal a potential shift in regulatory approach towards digital assets, possibly influenced by the change in administration and judicial pushback against the SEC’s past aggressive stance.
Clever Robot News Desk 5th March 2025
