Greg Solano, co-founder of Bored Ape Yacht Club, said: “It’s not surprising that NFTs are getting the SEC’s attention given everything that’s going on. Policy makers want a comprehensive understanding of Web3, which is new, uncharted waters, and at Yuga Labs, we take our position as industry leaders, and we look forward to the opportunity to collaborate with other industries and policy makers to help shape the ecosystem.
The U.S. Securities and Exchange Commission is investigating possible securities violations in the sale of Bored Ape NFT and ApeCoin tokens by BAYC’s parent company.
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The news sent APE down more than 10%, and some legal experts said SEC Chairman Gary Gensler is apparently expanding his oversight to include NFTs.
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