Yuga Labs是无聊的APE游艇俱乐部（BAYC）NFTS背后的公司

在没有采取任何执法措施的情况下，美国证券交易委员会（SEC）已正式地对公司进行了调查。

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无聊的APE游艇俱乐部（BAYC）NFTS背后的公司正在庆祝法庭赢得巨大的胜利。在没有采取任何进一步执行措施的情况下，美国证券交易委员会（SEC）正式批准了对公司的调查。

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.

该决定结束了跨越三年以上的调查，并看到监管机构疑问Yuga Labs的NFT销售及其Apecoin（APE）令牌是否应归类为证券。

The SEC Commences Probe Into Yuga Labs

SEC开始对Yuga实验室进行调查

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对YUGA实验室的调查始于2022年10月。当时，该机构正在研究NFTS和加密货币（包括由Yuga Labs提供的）是否属于联邦证券法律。该询问是确定如何在美国规范数字资产的更广泛努力的一部分。

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."

在整个调查过程中，Yuga Labs坚持认为其NFT不是证券。最终，在3月3日，该公司宣布，SEC已关闭案件，并指出，这是“ NFTS和所有创造者推动我们的生态系统前进的巨大胜利”。

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

3年以上，SEC已正式关闭了对Yuga实验室的调查。

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

对于NFTS和所有创造者推动我们的生态系统前进是一场巨大的胜利。 NFT不是证券。

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

Yuga Labs坚持认为NFT不是证券，我们很高兴看到SEC关闭其调查。

— 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的调查受到加密业的密切关注。几位法律专家对此事进行了权衡，他们就案件可能如何展开以及对更广泛的加密生态系统产生什么影响提供了预测。

Yuga Labs Faced A Long Shadow Of Regulatory Uncertainty

Yuga Labs面临着监管不确定性的长阴影

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的探测器阴影下进行的。 NFT空间密切关注任何发展，并且预期可能采取的监管行动存在张力。许多行业参与者担心，针对Yuga实验室的决定可能会为其他NFT计划提供更严格的指南。

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.

既然该案已被删除，有些人认为监管机构可能正在重新考虑其对NFT的方法。更广泛的观点表明，这可能是SEC充分确定希望如何处理数字收藏品的许多步骤之一。

How The NFT Market Reacted To The Closure

NFT市场对关闭的反应

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社区的积极性呈现了这一消息。 Yuga实验室的支持者和行业人物对SEC的决定做出了反应，他们认为这是一个有利的发展。

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.

该决定还可能表明，NFT可能与某些加密货币面临相同的监管审查，这可能对数字资产行业的未来具有深远的影响。

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将来将对其他NFT项目做什么。对此案的调查已经结束，但这并不意味着将来类似的调查将不会再次发生。目前，Yuga Labs已经排名第一。

What This Means For Crypto Regulation In The US

这对美国加密监管意味着什么

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.

美国证券交易委员会（SEC）在不提出申请的情况下停止调查的决定可能会影响监管机构将来如何看待NFT。尽管这没有建立法律先例，但它确实表明该机构愿意区分不同类型的数字资产。

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.

一些专家认为，这可能是美国加密监管景观的转折点，而另一些专家则警告说，法规清楚要很长时间。无论如何，对Yuga实验室和整个NFT空间来说，此探测的结束是个好消息。