The SEC has concluded its investigation into Yuga Labs, confirming that certain NFTs should not be classified as securities.
Conclusion of SEC Investigation
The probe, which began in late 2022, aimed to determine whether certain NFTs should be classified as securities under U.S. law. On March 3, Yuga Labs announced that the SEC has officially closed its investigation. This decision is a significant win for NFTs and creators, confirming that NFTs are not considered securities.
Impact on BAYC Market
Following Yuga Labs' announcement on the closure of the SEC investigation, the floor price of Bored Ape Yacht Club (BAYC) slightly increased to 13.75 ETH. However, the collection still remains significantly down from its May 2022 peak when the floor price was around $430,300.
BAYC Market Activity
On March 4, 2025, the BAYC market showcased remarkable activity, reported by the BAYCSalesBot. Leading the top sales were Ape #4053 and Ape #9575, each fetching 13.9 ETH. Additionally, Ape #6837 sold for 13.85 ETH, while Ape #3751 and Ape #6079 were sold for 13.74 and 13.6 ETH, respectively. These transactions highlight the ongoing interest in BAYC's unique digital assets.
The SEC's decision to end its investigation into Yuga Labs may indicate a shift in its stance on digital collectibles, providing relief to NFT market participants.
