News
Significance:
6/10

Judge tosses lawsuit against Yuga Labs over failure to satisfy Howey test

https://cointelegraph.com/news/judge-tosses-lawsuit-yuga-labs-fail-satisfy-howey-test

Vince Quill

Mentions

Regions

Code
Name
US
🇺🇸United States

Sentiments

Target
Sentiment
Comment
Bullish
The dismissal of the lawsuit is a positive outcome for Yuga Labs, reinforcing their position that NFTs are not securities.
Bullish
The ruling that ApeCoin does not qualify as a security under the Howey test is favorable for the token.