Yuga Labs, a company known for its NFT offerings and ApeCoin token distribution, has had its SEC scrutiny since 2022. However, the SEC has recently decided to close its investigation, which is considered a "huge win" for the NFT industry. Yuga Labs did not comment on this decision, and the SEC has not provided reasoning for its closure. The SEC's regulatory stance on crypto appears to be shifting, as it has dropped or suspended cases against major crypto companies and restructured its crypto division. Yuga Labs, under CEO Greg Solano, is focused on expanding its cryptocurrency initiatives, including the launch of a subsidiary called BAYC LLC.



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