Court Rules BAYC NFTs and ApeCoin Are Not Securities
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A federal judge in California has dismissed an investor lawsuit against Yuga Labs, stating that Bored Ape Yacht Club NFTs and ApeCoin don’t qualify as securities. The court determined that the plaintiffs failed to meet the Howey test’s criteria. It concluded that BAYC NFTs serve as digital collectibles offering community access and membership perks, not as investment vehicles.
Trump-Backed WLFI Sells Tokens to Hut8 Ahead of Major Crypto Expansion
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Coinbase Files for OCC Trust Charter, Says It Won’t Become a Bank
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Tuttle Capital Delays 2X Long Crypto ETFs Listing to October 10, 2025
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