MEME ON: BAYC Members Filled The Timeline With Memes And More After The SEC Closed Its Investigation Into Yuga Labs!
Kyle
4 hours ago1 min read
After Yuga Labs secured a favorable ruling that NFTs were not securities from the SEC, Bored Ape Yacht Club members seized the memes of production and filled the timeline with their art and creations!
Things were anything but boring on Monday after the BAYC’s parent company, Yuga Labs, announced that the Securities and Exchange Commission was closing its investigation into the company.
“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.”
After Yuga Labs’ announcement, BAYC members took to the timeline with memes and art to celebrate!
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!
