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SEC Ends Yuga Labs Investigation, Trump Company Files Trademarks

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by Giorgi Kostiuk

9 hours ago

This week in NFTs: SEC drops investigation of Yuga Labs, Trump company trademarks metaverse terms, and DraftKings settles a $10 million lawsuit.

SEC Ends Investigation into Yuga Labs

Yuga Labs announced that the SEC has completed its investigation, which started in October 2022 under former SEC Chair Gary Gensler. Yuga Labs sees this as a victory for the NFT ecosystem.

Trump Company Files Metaverse Trademarks

DTTM Operations, owned by Donald Trump, filed trademarks for 'TRUMP' related to a metaverse and NFT marketplace, featuring a virtual world for shopping and entertainment with content restrictions.

DraftKings Settles NFT Lawsuit

DraftKings has agreed to a $10 million settlement in a lawsuit by its NFT buyers. The suit addressed the sale of NFTs considered investment contracts and unregistered securities.

These events underscore the NFT market's dynamic nature, where legal and technological shifts continue to shape its course.

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