U.S. SEC Closes Investigation Into Yuga Labs

TL;DR

• The SEC has ended its investigation into Yuga Labs, the company behind the Bored Ape Yacht Club and Cyberpunk NFT collections.

• The regulator recently closed investigations into Uniswap, Coinbase, Robinhood, Kraken, and Gemini.

SEC Ends Investigation Into Yuga Labs

The United States Securities and Exchange Commission (SEC) has ended its investigations into Yuga Labs, the company confirmed this latest development on Monday. 

While announcing this on X, Yuga Labs stated that this decision comes after three years of the SEC looking into its activities. 

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

This latest development comes just a few days after the SEC closed investigations into several crypto companies, including MetaMask, Coinbase, Robinhood, Gemini, Kraken, and Uniswap Labs. The regulatory agency is also working to settle its case against TRON's Justin Sun.

The SEC began investigating Yuga Labs in October 2022 as it alleged that NFTs were unregistered securities. At the time, Yuga Labs stated that they wished to partner with the rest of the industry and regulators to define and shape the burgeoning ecosystem.