Sec drops Yuga Labs investigations on bayc nfts and apecoin

Key takeout

The SEC has concluded its Yuga Labs investigation and confirmed that Bayc NFTS and Apecoin are not securities.
Despite the closure of the survey, Apecoin prices have not changed significantly over the past 24 hours.

The SEC has concluded its Yugalab investigation and concluded an investigation that looked into whether the company's bored APE Yacht Club (BAYC) NFTS and Apecoin violated federal securities laws.

More than three years later, the SEC officially closed its Yuga Labs investigation.

This is a huge victory for the NFTS and all creators to advance the ecosystem. NFTs are not securities.

– Yuga Labs (@yugalabs) March 3, 2025

The study focused on Yuga Labs' NFT products and Apecoin Distribution, as it was headlined in October 2022.

The SEC sought to determine whether these digital assets should be classified as securities under US law using Howey Test, the legal framework of the 1946 Supreme Court litigation.

Founded in 2021, Yuga Labs has raised $450 million by 2022 before reaching a $4 billion valuation.

The company's BAYC collection generates billions of trading volumes and is a well-known player in the NFT space.

According to Coingecko data, Apecoin, which has dropped 16% in the last 24 hours, showed no immediate price response to the survey closure.