Yuga Labs Faces SEC Probe Over Unregistered Offerings The inv | Apecoin_VeChain_Elrond
Yuga Labs Faces SEC Probe Over Unregistered Offerings
The investigation may not result in allegations of misconduct. The popular Bored Ape Yacht Club collection of NFTs’ creator, Yuga Labs Inc., is the subject of an investigation by the US Securities and Exchange Commission into whether the sale of its digital assets violates federal law. According to a person who is familiar with the situation but requested anonymity due to the private nature of the investigation, the SEC is looking into whether certain nonfungible tokens produced by the Miami-based company are more comparable to stocks and should adhere to the same disclosure guidelines. The SEC has not initiated a probe into Yuga, and the agency has not threatened to sue the company.
