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A federal court in California has ruled that Bored Ape Yacht Club (BAYC) NFTs are not securities, closing a class-action lawsuit that had challenged the legal status of one of the most well-known digital collectible projects. The decision ends years of uncertainty surrounding Yuga Labs’ compliance with U.S. securities law and marks one of the simplest judicial statements yet on non-fungible tokens’ (NFTs) regulatory classification.
A U.S. federal judge in California has dismissed an investor lawsuit against Yuga Labs, ruling that its Bored Ape Yacht Club (BAYC) NFTs and ApeCoin do not constitute securities.…
Read The Full Article Bored Ape NFTs Not Securities, Federal Judge Rules in Key Yuga Labs Case On Coin Edition.
Read More
A federal court in California has ruled that Bored Ape Yacht Club (BAYC) NFTs are not securities, closing a class-action lawsuit that had challenged the legal status of one of the most well-known digital collectible projects. The decision ends years of uncertainty surrounding Yuga Labs’ compliance with U.S. securities law and marks one of the simplest judicial statements yet on non-fungible tokens’ (NFTs) regulatory classification.
A U.S. federal judge in California has dismissed an investor lawsuit against Yuga Labs, ruling that its Bored Ape Yacht Club (BAYC) NFTs and ApeCoin do not constitute securities.…
Read The Full Article Bored Ape NFTs Not Securities, Federal Judge Rules in Key Yuga Labs Case On Coin Edition.
Read More
Bored Ape NFTs Not Securities, Federal Judge Rules in Key Yuga Labs Case | Market NFT – CryptoRank
