Judge Rules NFTs Are Not Securities in Landmark Yuga Labs Decision
A US judge has dismissed an investor lawsuit against Yuga Labs, creators of Bored Ape Yacht Club (BAYC), ruling that their NFTs do not meet the legal definition of securities. The court found that Yuga Labs marketed NFTs as digital collectibles with membership perks, not as investment contracts promising financial returns.
The lawsuit failed to satisfy the Howey Test's conditions of a common enterprise and expectation of profits derived solely from others' efforts. This decision provides crucial clarity for the NFT market, reinforcing that assets marketed as collectibles, rather than investment vehicles, may not fall under securities regulations.


Cryptovka
Judge Rules NFTs Not Securities: Yuga Labs Lawsuit Dismissed in Landmark Decision
A significant legal victory for Web3 giant Yuga Labs has sent ripples through the cryptocurrency and NFT space....







