Bored Ape Creator Yuga Labs Says SEC Drops Probe Into Firm (1)

Nonfungible token creator Yuga Labs saysthe US Securities and Exchange Commission had ended a years-long investigation into the company.

• “After 3+ years, the SEC has officially closed its investigation into Yuga Labs,” the company said in a statement posted on X late Monday
• The SEC opened an investigation into Yuga Labs in 2022, Bloomberg News reported then, probing whether sales of its digital assets violate federal law
• Yuga Labs is the creator of the popular Bored Ape Yacht Club collection. It also operates the CryptoPunks franchise
• The SEC declined to comment. A spokesperson for Yuga Labs didn’t respond to ...