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Yuga Labs announced that the SEC has concluded its investigation into the company without taking any enforcement action, calling it a significant win for NFTs and the broader creator ecosystem.
Yuga Labs announced via an X post that the SEC has closed its investigation, asserting in the statement that "NFTs are not securities.”
Yuga Labs had been under SEC scrutiny since 2022 to determine whether some tokens, such as fractional NFTs, were securities under U.S. law.

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