Builders Across The Web3 World Celebrate Yuga Labs' Win Over The Security And Exchange Commission!

In 2021 and 2022, Yuga Labs changed NFTs forever with its Bored Ape Yacht Club flat-rate mint, at a time when bond curves were all the rage. This was followed by the Bored Ape Kennel Club dog claims, where millions were donated to charity, the Mutant Serum airdrops, ApeFest events, ApeCoin claims, and more, literally writing the book on how to Web3. Now, in 2025, the company is still leading the way, gaining regulatory clarity for the space that will not only benefit Apes but also builders across the Web3 world.

Things are anything but boring around the swamp this evening as everyone celebrates the Securities and Exchange Commission (SEC) closing its investigation into Yuga Labs, determining that Bored Apes are Apes, not securities!

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

 

 

Following the news, Animoca Brands Chairman and former ApeCoin Special Council Member Yat Siu took to Twitter to congratulate Yuga Labs on securing this win not only for themselves and $Ape, but for the entire Web3 world.

“Congratulations to @yugalabs @BoredApeYC @apecoin $ape communities,” he tweeted. “This is incredibly positive for the whole space especially around NFTs and culture tokens.”

 

With this newfound clarity, U.S.-based Made By Apes creators, who are interested in building on-chain, can breathe a sigh of relief and focus on creating cool projects for their communities.

“NFT’s aren’t securities. Huge W,” MBA fantasy football business Spoiled Banana Society tweeted. “We’re hyped to be a US based crypto tech company building for the next generation of fantasy football fanatics. Playing fantasy football onchain is a much better experience. Tis the future.”

 

 

NFT lending platform Zharta echoed Spoiled Banana’s sentiments, saying that this ruling is a major win for Degens and a certain gesture to the system.

“SEC just got schooled,” the NFT lending platform wrote. “This isn’t just a win; it’s a middle finger to the old system…a W for every creator, every degen, and everyone who refuses to let suits dictate the game. NFTs ain’t dead. They just beat the system.”

 

 

As the Web3 community thanks Yuga Labs for fighting the good fight and securing a win for NFTs, many Apes are wondering what this news will mean for Yuga Labs and the BAYC going forward.

“Fuck yes! One for the good guys,” longtime BAYC member DFarmer tweeted this evening. “Now let’s get a lil more aggro in the swamp guys, loyal holder base could use an enthusiasm injection. Looking forward to experimenting, to deliver direct value to holders without having to jump hundred legal hoops, to break shit and have fun.”

 

The Bored Ape Gazette will continue to follow the Web3 world’s reaction to the SEC closing its investigation into Yuga Labs and will keep you updated on what’s next for the company now that it's no longer under the microscope of regulators. Stay tuned for updates!