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Bored Ape NFTs Not Securities, Federal Judge Rules in Key Yuga Labs Case


by Peter Mwangi
for CoinEdition

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Bored Ape NFTs Not Securities, Federal Judge Rules in Key Yuga Labs Case
  • Court rules Bored Ape NFTs not securities, ending Yuga Labs class-action case.
  • Judge finds no common enterprise for NFTs sold on third-party platforms like OpenSea.
  • Royalties show Yuga’s profits independent of holder gains, weakening the SEC’s argument.

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.

Read The Full Article Bored Ape NFTs Not Securities, Federal Judge Rules in Key Yuga Labs Case On Coin Edition.

Read the article at CoinEdition

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If Bitcoin drops 5% more it can trigger a bull stampede from the “buy zone” sitting around $63k

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Bored Ape NFTs Not Securities, Federal Judge Rules in Key Yuga Labs Case


by Peter Mwangi
for CoinEdition

Share:

Bored Ape NFTs Not Securities, Federal Judge Rules in Key Yuga Labs Case
  • Court rules Bored Ape NFTs not securities, ending Yuga Labs class-action case.
  • Judge finds no common enterprise for NFTs sold on third-party platforms like OpenSea.
  • Royalties show Yuga’s profits independent of holder gains, weakening the SEC’s argument.

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.

Read The Full Article Bored Ape NFTs Not Securities, Federal Judge Rules in Key Yuga Labs Case On Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 0.0859

+1.75%

$ 0.0114

+0.13%

$ 0.00...361

$ 0.00...764

$ 0.000207


Share:

In This News

Coins

$ 0.0859

+1.75%

$ 0.0114

+0.13%

$ 0.00...361

$ 0.00...764

$ 0.000207


Share:

Read More

Bitcoin Price Soars: BTC Surges Past $68,000 Milestone in Stunning Rally

Bitcoin Price Soars: BTC Surges Past $68,000 Milestone in Stunning Rally

BitcoinWorld Bitcoin Price Soars: BTC Surges Past $68,000 Milestone in Stunning Rall...
If Bitcoin drops 5% more it can trigger a bull stampede from the “buy zone” sitting around $63k

If Bitcoin drops 5% more it can trigger a bull stampede from the “buy zone” sitting around $63k

The Bitcoin “buy zone” meme just got real again, here’s what it means in the ETF era ...