Court Rules BAYC NFTs Are Not Securities

23 hours ago
Court Rules BAYC NFTs Are Not SecuritiesA U.S. national justice successful the Central District of California dismissed a 2022 class-action suit, uncovering that Yuga Labs’ Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs) bash not conscionable the Howey trial for securities. The ruling concluded plaintiffs failed to amusement a communal endeavor oregon a tenable anticipation of profits tied to Yuga Labs’ […]
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