According to Yat Siu, most NFTs have been determined not to be securities, aligning with previous global expectations. This regulatory clarity reduces legal risk and is bullish for NFT trading volumes, price stability, and the growth of NFT-related tokens. Market participants can anticipate increased liquidity and trading activity across leading NFT marketplaces, as this development encourages more institutional and retail investors to participate in NFT ecosystems. Source: Yat Siu on Twitter (May 19, 2025).