Yuga Labs says SEC has dropped its investigation into the NFT firm 🔍
Yuga Labs, the prominent NFT firm, has revealed that the United States Securities and Exchange Commission (SEC) is no longer pursuing its investigation into the company. This investigation had begun in late 2022, focusing on the operations of Yuga Labs and its NFT ventures.
The conclusion of this probe marks a significant development for Yuga Labs, providing relief to the firm amid regulatory scrutiny in the rapidly growing NFT industry. The specifics of the investigation and its findings, however, remain undisclosed. The closure of this case can be seen as a positive milestone for NFT operations.
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