Big news for Bored Ape Yacht Club (BAYC) NFTs! The government agency that watches over fair business practices, the SEC, ended its investigation into the company that makes them, Yuga Labs. This means no punishments for Yuga Labs. It's a big win for NFTs!
- The SEC decided BAYC NFTs aren't like stocks or bonds.
- This is good news for the NFT world.
- The SEC is now having meetings to figure out better rules for crypto.
| Fact | Details |
|---|---|
| Investigation | SEC closed its investigation into Yuga Labs. |
| BAYC Floor Price | Around 13.75 ETH (down from a high of 153.7 ETH) |
| SEC Meetings | Roundtables planned to discuss clearer crypto rules. |
