The probe, which began in late 2022, aimed to determine whether certain NFTs should be classified as securities under U.S. law.
On March 3, the company shared the news in an X post, stating, “After 3+ years, the SEC has officially closed its investigation into Yuga Labs.
SEC Drops Probe, NFTs Not Securities, Says Yuga Labs
This is a huge win for NFTs and all creators pushing our ecosystem forward.” The company also declared, “NFTs are not securities.” The investigation was part of a broader SEC effort to scrutinize NFTs and their potential classification as investment contracts. The agency had been examining whether some NFTs, particularly fractional ones, resembled traditional stocks.
Following Yuga Labs’ announcement, the floor price of BAYC saw a small uptick to 13.75 ETH (approximately $29,650). However, the collection remains down over 90% from its peak in May 2022, when the cheapest Bored Ape sold for around $430,300. Similarly, other Yuga Labs assets, including Mutant Ape Yacht Club and ApeCoin, have dropped over 95% from their all-time highs.
After 3+ years, the SEC has officially closed its investigation into Yuga Labs.
This is a huge win for NFTs and all creators pushing our ecosystem forward. NFTs are not securities.
— Yuga Labs (@yugalabs) March 3, 2025
Despite these market declines, the news brings a breath of fresh air to NFT enthusiasts and creators, who have long faced regulatory uncertainty. The SEC’s decision to abandon its probe signals a potential shift in its stance on digital collectibles.
More About BAYC
On March 4, 2025, the Bored Ape Yacht Club (BAYC) NFT market showcased remarkable activity, with BAYCSalesBot reporting the “Top 5 Sales within 24H” at 07:00 GMT-7. Leading the pack, Ape #4053 and Ape #9575 each fetched an impressive 13.9 ETH, underscoring the enduring appeal of these unique digital assets.
Close behind, Ape #6837 sold for 13.85 ETH, while Ape #3751 and Ape #6079 garnered 13.74 ETH and 13.6 ETH, respectively. Each ape, distinguished by its quirky traits, colors, and accessories, highlights the vibrant and dynamic nature of the BAYC ecosystem, where collectors continue to drive high-value transactions in the cryptocurrency-powered NFT space.
Disclaimer
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Samatha Kucera