SEC investigating YUGA LABS - Bored Ape Yacht Club creator - What are PROS and CONS here?

Описание: The US Securities and Exchange Commission is investigating Yuga Labs Inc., the creator of the popular Bored Ape Yacht Club collection of NFTs, over whether sales of its digital assets violate federal law.
https://www.bloomberg.com/news/articl...
https://watcher.guru/news/will-bayc-n...
https://cointelegraph.com/news/bored-...

By
far the biggest, and probably most impactful story of the week comes
from the US Government as the SEC has opened an investigation into Yuga
Labs and their famed products Bored Ape Yacht Club and APE coin. The
investigation is over whether the NFTs are closer to stocks and thus
should follow the same disclosure rules. Included in the investigation
is APE coin and how the ERC-20 token was distributed to holders of BAYC.
There have been reports all year that the SEC is investigating crypto
exchanges and multiple NFT companies.
This
was bound to eventually happen. In my eyes this is excellent news for
the future of the NFT space and potentially bad news for BAYC ecosystem
holders (I obviously hold a Mutant Ape). I’m a firm believer NFT
technology will revolutionize many aspects of day to day life. Whether
it’s finance, proof of ownership, gaming, or art, NFT’s will eventually
push all of those spaces forward. Here’s the issue: the biggest
companies in the world with the most money are scared to enter the space
due to the wild wild west nature at the moment. There are no rules or
regulations. And until there are regulations, the technology won’t get
the investment it needs to become mainstream. The anti regulation
mindset a lot of people have in the community is great if all you care
about is making money on speculative JPEGs of zoo animals. It’s not
great if you’re a technology maxi who would like to see NFT’s get
mainstream adoption in more ways outside of speculative markets. While I
think any kind of government overreach in any area limits innovation, I
do believe some reasonable rules and regulations would make
institutional investors and companies a lot more comfortable when it
comes to the technology.
What
will come out of this investigation is tough to tell. There are a lot
of grey areas NFTs get into, specifically with coins and staking. The
results of this investigation can shape how founders treat their
projects from here on out. Yuga air dropped millions of dollars to BAYC
holders for free. Yes it was a token, and yes it was technically a “DAO”
that handled the transaction, but let’s be real, they gave you free
money for holding their asset. While the price of my monkey JPEG going
down would not be ideal, I’m excited to see what kind of precedent this
sets, and if it’ll get us any closer to mainstream adoption.

THE NFT SHOW LINKS:
Philip's (Host) Twitter:   / philipkalinko  
The NFT Show - Youtube: https://www.youtube.com/channel/UCtoU...
The NFT Show - Discord:   / discord  

#nft #nftnews #yuga #sec #boredapeyachtclub #apecoin

DISCLAIMER: You should never treat any opinion expressed by the hosts of this content as a recommendation to make a particular investment, or to follow a particular strategy. The thoughts and commentary on this show are an expression of the hosts’ opinions and are for entertainment and informational purposes only. This show is never financial advice