SEC vs. BAYC: US Securities and Exchanges Commission targets NFTsby@serkhitrov
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SEC vs. BAYC: US Securities and Exchanges Commission targets NFTs

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The US Securities Commission is investigating Bored Ape Yacht Club, a popular NFT collection. The authority tries to find out whether NFTs with the image of monkeys are securities. The regulator is also studying the distribution of ApeCoin, the company's utility token.

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