SEC ends investigation into Yuga Labs

ChainCatcher news, according to The Block, the SEC has concluded its investigation into Yuga Labs. Yuga Labs posted on the X platform: "After three years, the SEC has officially concluded its investigation into us, which is a significant victory for NFTs and the entire creator ecosystem."

Recently, the SEC has dropped investigations into companies such as Robinhood, Gemini, UniSwap Labs, MetaMask, and OpenSea, and reached settlements with Coinbase and Kraken. Meanwhile, the SEC is still in litigation with Ripple and is seeking to resolve allegations against TRON founder Justin Sun.