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Bored Ape NFTs fall outside securities law, US judge rules

Bored Ape NFTs fall outside securities law, US judge rules

A California-based federal judge, Fernando M. Olguin, has reportedly dismissed a class-action lawsuit against Yuga Labs, the blockchain technology company that created the Bored Ape Yacht Club (BAYC) ...

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1 min
Judge Dismisses Yuga Labs Lawsuit, Rules BAYC NFTs Aren’t Securities

Judge Dismisses Yuga Labs Lawsuit, Rules BAYC NFTs Aren’t Securities

A federal judge has dismissed a high-profile lawsuit against Yuga Labs, the company behind Bored Ape Yacht Club (BAYC), ruling that its NFTs do not meet the legal threshold to be considered securities...

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1 min