SEC vs BAYC? Here’s What Legal Experts Say It Means for NFTs

[Google News Bot]

Last week, a sliver of news leaked from an unknown source sent the NFT world into uproar. An anonymous source tipped Bloomberg that the Securities and Exchange Commission is currently investigating whether NFTs sold by Yuga Labs, the $5 billion company behind the Bored Ape Yacht Club, violated security registration laws. The SEC did not deny the report. Depending on who you ask, the news confirmed a likelihood either once unthinkable or inevitable: the U.S. government may be seeking to regulate the nascent, multi-billion dollar NFT industry as a securities market. Multiple l ...

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