Yuga Labs says SEC has dropped its investigation into the NFT firm

Yuga Labs said the SEC has dropped its probe into the NFT conglomerate, which the agency first launched in late 2022.

Update (March 4, 12:15 am UTC): This article has been updated to add price information on ApeCoin and Yuga Labs’ NFTs.

Non-fungible token (NFT) conglomerate Yuga Labs says the US Securities and Exchange Commission has closed its investigation into the company.

“After 3+ years, the SEC has officially closed its investigation into Yuga Labs,” the company said in a March 3 X post. “This is a huge win for NFTs and all creators pushing our ecosystem forward.”

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