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ANALYSIS
While the securities question has been looming for some time, observers say the SEC’s probe into one of the largest NFT owners in the market is unlikely to bring any definitive answers.
October 24, 2022 at 10:34 AM
4 minute read
Securities Litigation
Legal Tech Reporter
After launching in the spring 2021, a graphic collection of colorful cartoon apes began circulating around the internet, and soon propelled nonfungible tokens into the mainstream.
Since then, the world has seen NFTs endorsed by artists, wielded by large corporations, and inevitably, targeted by regulators. The arguably most famous NFTs—the apes—had managed to avoid regulatory attention until last week when the U.S. Securities and Exchange Commission opened a probe into Yuga Labs, the owner of not only the aforementioned Bored Ape Yacht Club, but of a significant share of the NFT market.
By Tony Donofrio, Veritext Legal Solutions
By Isha Marathe
By Isha Marathe
By Michael A. Mora
Private Equity Rising Stars: Europe’s Best Up-and-Coming Lawyers 2022
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In Associate Ranks, Slowdown in Demand Could Mean ‘Cleanup’
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Florida Judge Criticizes State on Marijuana Licenses
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Associate Justice Joshua Groban Opens Up About His First 2 Years on California’s Supreme Court
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No Judge Would Touch It: 2 South Florida Chief Judges Barred Entire Circuits From Hearing This Case
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