A federal judge has dismissed a high-profile lawsuit against Yuga Labs, the company behind Bored Ape Yacht Club (BAYC), ruling that its NFTs do not meet the legal threshold to be considered securities. Key Takeaways: A US judge ruled that BAYC NFTs and ApeCoin do not qualify as securities under the Howey Test. The court found no common enterprise or profit expectation linking buyers to Yuga Labs. The decision sets a precedent supporting NFTs as digital collectibles rather than investment contracts. ...