Developers of the NFT series Bored Ape Yacht Club Yuga Labs caught the interest of the SEC, which subsequently led to an investigation into whether the organization violated federal law.
At the moment, the commission is investigating the possibility of considering NFTs as shares and whether their sale is considered legal. A token, belonging to the Apecoin series, also fell under attack.
Yuga Labs, which runs the Bored Ape Yacht Club, CryptoPunks and Meebits, is on the lookout for a variety of research and positioning itself as number one in the field.
It is reported that authorities and governing bodies aim to improve their knowledge in web3. We look forward to working with the rest of the industry and regulators to organize an evolving ecosystem.Yuga Labs
Since, no charges of violations of the law have been there, the situation can be resolved without the intervention of the court.
