Yuga Labs: Will fully cooperate with the SEC investigation

ChainCatcher news, Yuga Labs responded to the news of "being investigated by the SEC" by stating: "As a leader in this field, Yuga Labs will fully cooperate with the SEC's relevant investigation. Policymakers and regulators are trying to gain a better understanding of the Web3 world, and we hope to work with other industries and regulatory bodies to define and shape a thriving crypto ecosystem."

Earlier, ChainCatcher reported that the U.S. Securities and Exchange Commission (SEC) is investigating whether some NFTs released by Yuga Labs are more akin to stocks, and whether Ape Coin violates federal laws. (Source link)