Last week brought news that rocked the NFT world: The SEC is investigating Bored Ape Yacht Club parent company Yuga Labs over potential securities violations for the sale of Bored Ape NFTs as well as ApeCoin tokens, according to Bloomberg, citing an anonymous source. The news sent APE down more than 10% and has some legal experts saying SEC Chair Gary Gensler is clearly widening his regulatory net to include NFTs. But if you ask Bored Ape Yacht Club co-founder Greg Solano, “It’s not that surprising, given everything else that’s going on, that NFTs are getting looked at.̶ ...
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