in Bored Ape Yacht Club, investigation, non-fungible tokens, Nonfungible Tokens, SEC, Yuga Labs

Bored Ape creators and other NFT projects investigated by SEC probe

by Repost Admin October 12, 2022, 1:42 am 1.2k Views

A source familiar with the matter said the SEC is looking into whether certain NFTs from Yuga Labs could be “more akin to stocks.”

Sources say that the U.S. Securities and Exchange Commission (SEC) probe into Yuga Labs is actually part of a wider investigation into the nonfungible token (NFT) market, which already came to light in March.

On Oct. 11, a report from Bloomberg citing a source “familiar with the matter” said the SEC is investigating Yuga Labs over whether certain NFTs are “more akin to stocks” and whether the sales of certai