Yuga Labs announced the completion of the SEC investigation, confirming that NFTs are not securities and supporting the development of the crypto space and creators' rights

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Yuga Labs announced the completion of the SEC investigation, marking a significant victory for the NFT ecosystem. The regulator closed the case against the company after more than three years of investigation, emphasizing that NFTs are not securities. This event positively impacts the development of the crypto space and supports creators' rights. Additionally, the SEC has dropped investigations and lawsuits against other crypto companies, including Uniswap, Robinhood, and OpenSea, reflecting a more crypto-friendly approach from the new US administration.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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