Yuga Labs announced via an X post that the SEC has closed its investigation, asserting in the statement that "NFTs are not securities.”

Quotes that support claims

"The company welcomed the decision, calling it a "huge win" for the NFT industry. The company also labeled the move as a boon for "all creators pushing our ecosystem forward." "NFTs are not securities," it said."

"After 3+ years, the SEC has officially closed its investigation into Yuga Labs. This is a huge win for NFTs and all creators pushing our ecosystem forward," Yuga Labs wrote on X. "NFTs are not securities."