X @Wu Blockchain
Wu Blockchainยท2025-10-04 01:33
A U.S. federal judge in California has dismissed an investor lawsuit against Yuga Labs, ruling that its Bored Ape Yacht Club (BAYC) NFTs and ApeCoin do not constitute securities. The court stated that the plaintiffs failed to prove the three prongs of the Howey test, affirming that BAYC NFTs are digital collectibles with membership benefits rather than investment instruments.https://t.co/oF7KJMPcFG ...