US SEC investigates Bored-Ape’s Yuga Labs unregistered digital assets sales

Bloomberg reported that the Securities and Exchange Commission is probing the startup behind the popular Bored Ape Yacht Club NFT project Yuga Labs over securities violations via the sale of Bored Ape Yacht Club NFTs.

Per the report, which cites an unnamed source, the agency is also investigating the startup over the distribution of ApeCoin, which launched in March. ApeCoin’s price is down 6.51% over the past 24 hours, falling to a current price of $4.4 per token.