The U.S. Securities and Exchange Commission has closed its investigation into Yuga Labs, the company behind the popular Bored Ape Yacht Club NFTs, with no action taken against the company.
Yuga Labs celebrated the news with a digital high-five, promising to keep playing by the rules. This decision reflects a broader shift in how regulators are handling crypto and digital assets. While this is a positive development for the crypto industry, regulators are still closely monitoring the space as they work toward clearer guidelines.