Yuga Labs says SEC has dropped its investigation into the NFT firm

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Coin Telegraph 14h ago

Yuga Labs says SEC has dropped its investigation into the NFT firm - Coin Telegraph

Quick Summary:

Yuga Labs said the SEC has dropped its probe into the NFT conglomerate, which the agency first launched in late 2022.

The SEC has dismissed other crypto-related enforcement actions it launched under Gensler, having also dropped a lawsuit against crypto exchange Kraken on March 3.

Late last month, the NFT marketplace OpenSea said the SEC closed its investigation into the platform, which came just hours after the regulator dropped its lawsuit against crypto exchange Coinbase.