Yuga Labs是無聊的APE遊艇俱樂部（BAYC）NFTS背後的公司

在沒有採取任何執法措施的情況下，美國證券交易委員會（SEC）已正式地對公司進行了調查。

The company behind Bored Ape Yacht Club (BAYC) NFTs, Yuga Labs, is celebrating a significant court win. Without pursuing any further enforcement measures, the US Securities and Exchange Commission (SEC) has formally concluded its investigation into the company.

Yuga Labs無聊的APE遊艇俱樂部（BAYC）NFTS背後的公司正在慶祝法庭贏得巨大的勝利。在沒有採取任何進一步執行措施的情況下，美國證券交易委員會（SEC）正式批准了對公司的調查。

This decision brings an end to a probe that spanned more than three years and saw the regulator question whether Yuga Labs’ NFT sales and its ApeCoin (APE) token should be classified as securities.

該決定結束了跨越三年以上的調查，並看到監管機構疑問Yuga Labs的NFT銷售及其Apecoin（APE）令牌是否應歸類為證券。

The SEC Commences Probe Into Yuga Labs

SEC開始對Yuga實驗室進行調查

The SEC's investigation into Yuga Labs began in October 2022. At the time, the agency was examining whether NFTs and cryptocurrencies, including those offered by Yuga Labs, fell afoul of federal securities laws. This inquiry was part of a broader effort to determine how digital assets should be regulated in the US.

SEC對YUGA實驗室的調查始於2022年10月。當時，該機構正在研究NFTS和加密貨幣（包括由Yuga Labs提供的）是否屬於聯邦證券法律。該詢問是確定如何在美國規範數字資產的更廣泛努力的一部分。

Throughout the investigation, Yuga Labs maintained that its NFTs are not securities. Finally, on March 3, the company announced that the SEC had closed its case, stating that it was "a huge win for NFTs and all creators pushing our ecosystem forward."

在整個調查過程中，Yuga Labs堅持認為其NFT不是證券。最終，在3月3日，該公司宣布，SEC已關閉案件，並指出，這是“ NFTS和所有創造者推動我們的生態系統前進的巨大勝利”。

After 3+ years, the SEC has officially closed its investigation into Yuga Labs.

3年以上，SEC已正式關閉了對Yuga實驗室的調查。

This is a huge win for NFTs and all creators pushing our ecosystem forward. NFTs are not securities.

對於NFTS和所有創造者推動我們的生態系統前進是一場巨大的勝利。 NFT不是證券。

Yuga Labs maintains that NFTs are not securities and we're pleased to see the SEC close its investigation.

Yuga Labs堅持認為NFT不是證券，我們很高興看到SEC關閉其調查。

— Yuga Labs (@yugalabs) March 3, 2025

- Yuga Labs（@yugalabs）2025年3月3日

The SEC's investigation was closely watched by the crypto industry. Several legal experts weighed in on the matter, offering their predictions on how the case might unfold and what implications it could have for the broader crypto ecosystem.

SEC的調查受到加密業的密切關注。幾位法律專家對此事進行了權衡，他們就案件可能如何展開以及對更廣泛的加密生態系統產生什麼影響提供了預測。

Yuga Labs Faced A Long Shadow Of Regulatory Uncertainty

Yuga Labs面臨著監管不確定性的長陰影

Yuga Labs' work has been done in the shadow of the SEC's probe for a considerable period. The NFT space was keeping a close eye on any developments, and there was tension in anticipation of possible regulatory action. Many industry participants were concerned that a decision against Yuga Labs might result in more stringent guidelines for other NFT initiatives.

Yuga Labs的工作是在SEC的探測器陰影下進行的。 NFT空間密切關注任何發展，並且預期可能採取的監管行動存在張力。許多行業參與者擔心，針對Yuga實驗室的決定可能會為其他NFT計劃提供更嚴格的指南。

Now that the case has been dropped, some view it as a sign that regulators might be rethinking their approach to NFTs. A broader perspective suggests that this could be one of many steps before the SEC fully determines how it wishes to handle digital collectibles.

既然該案已被刪除，有些人認為監管機構可能正在重新考慮其對NFT的方法。更廣泛的觀點表明，這可能是SEC充分確定希望如何處理數字收藏品的許多步驟之一。

How The NFT Market Reacted To The Closure

NFT市場對關閉的反應

The news was met with positivity from the NFT community. Yuga Labs supporters and industry figures reacted to the SEC's decision, which they see as a favorable development.

NFT社區的積極性呈現了這一消息。 Yuga實驗室的支持者和行業人物對SEC的決定做出了反應，他們認為這是一個有利的發展。

This decision might also indicate that NFTs may not face the same regulatory scrutiny as some cryptocurrencies, which could have far-reaching implications for the future of the digital asset industry.

該決定還可能表明，NFT可能與某些加密貨幣面臨相同的監管審查，這可能對數字資產行業的未來具有深遠的影響。

However, it's still not clear what the SEC will do with other NFT projects in the future. The investigation into this case is over, but that doesn't mean that similar ones won't happen again in the future. For now, Yuga Labs has come out on top.

但是，目前尚不清楚SEC將來將對其他NFT項目做什麼。對此案的調查已經結束，但這並不意味著將來類似的調查將不會再次發生。目前，Yuga Labs已經排名第一。

What This Means For Crypto Regulation In The US

這對美國加密監管意味著什麼

The SEC's decision to discontinue its investigation without filing charges may have an impact on how regulators view NFTs in the future. While this does not establish a legal precedent, it does suggest that the agency is willing to distinguish between different sorts of digital assets.

美國證券交易委員會（SEC）在不提出申請的情況下停止調查的決定可能會影響監管機構將來如何看待NFT。儘管這沒有建立法律先例，但它確實表明該機構願意區分不同類型的數字資產。

Some experts believe that this could be a turning point in the US crypto regulatory landscape, while others caution that it will be a long time before regulations are clear. No matter what, the end of this probe is good news for Yuga Labs and the NFT space as a whole.

一些專家認為，這可能是美國加密監管景觀的轉折點，而另一些專家則警告說，法規清楚要很長時間。無論如何，對Yuga實驗室和整個NFT空間來說，此探測的結束是個好消息。