Investigation into the Creator of Bored Ape Yacht Club!

Today, important news came from the NFT sector, which made a breakthrough last year and disappointed its investors today. An investigation has been launched against the creator of Bored Ape Yacht Club NFTs, which feature the iconic monkey figure, including some of the highest-priced NFTs in the NFT market.

United States Securities and Exchange Commission (SEC), creator of Bored Ape Yacht Club NFTs Opened an investigation into Yuga Labs. The reason for the investigation was not the collapse of the NFT industry or the financial loss suffered by those who invested in these NFTs.

Why was the investigation opened?

According to information learned by Bloomberg from an anonymous source, the investigation is to understand whether the NFTs’ offerings are similar to stocks, so on the examination of the necessity of the same rules started.

SEC, as well as NFTs We also distribute ApeCoin brought under scrutiny. This cryptocurrency was distributed to people holding Bored Ape Yacht Club NFTs.

The SEC wants to examine the vast majority of crypto assets:

The new investigation into Yuga Labs is considered a new step taken by SEC Chairman Gary Gensler to ensure that crypto assets comply with SEC regulations. Gensler has said many times before that crypto assets Should be audited by the SEC had spoken.

SEC’s investigation into Yuga Labs, It doesn’t mean that Yuga Labs is committing an illegal act. But the outcome of the investigation will be of great importance to the future of NFTs. The SEC may have the potential to enact some regulation for NFTs and tokens.