Judge tosses lawsuit against Yuga Labs over failure to satisfy Howey test
The plaintiffs failed to show how Bored Ape Yacht Club and other NFTs represent investment contracts under the SEC's 3-pronged Howey Test.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The plaintiffs failed to show how Bored Ape Yacht Club and other NFTs represent investment contracts under the SEC's 3-pronged Howey Test.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Lawsuit claims 3.8M dormant BTC using police lost-and-found rules as Congress races to stop it with CLARITY
Section 20216 of the latest CLARITY draft states that a self-custodied digital asset cannot become abandoned, unclaimed, or forfei...
Apple’s App Store promoted fake Bitcoin wallet that stole $1.8M after developer spent a year warning them
Apple’s tightly controlled App Store is facing renewed scrutiny after three Bitcoin holders alleged they lost $1.8 million to a fa...
Lawsuit claims BitMEX used server freezes and internal trading to seize 622 Bitcoin ahead of its September closure
BitMEX customers are seeking the return of 622.66 Bitcoin in a proposed class action that accuses the exchange of engineering liqu...
$134M in Bitcoin Longs Vaporized as BTC Breaks Below $63K Ahead of Fed Showdown
Bitcoin experienced a sharp sell-off on Tuesday, briefly dropping to an intraday low of $62,684 before partially recovering to tra...
Coinbase CEO Brian Armstrong met with SEC 30 times before being sued, now faces shareholder lawsuit
The shareholder lawsuit against Coinbase highlights the potential financial and reputational risks of regulatory engagement strate...
Crypto Exchange Shakeout Deepens as BitMEX, BitMart, and AscendEX Exit the Market
BitMEX’s closure is no longer an isolated event. Within days, BitMart announced its own wind-down, while AscendEX had already conf...