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U.S. Court Rules Bored Ape NFTs and ApeCoin Are Not Securities

A recent federal ruling confirms that Bored Ape NFTs and ApeCoin do not qualify as securities under U.S. law.

APE

Summary

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Terms & Concepts
  • NFT (Non-Fungible Token): A unique blockchain-based digital asset representing ownership of a specific item or content, such as art or collectibles.
  • ApeCoin: A cryptocurrency associated with the Bored Ape Yacht Club ecosystem, used for governance and utility purposes.
  • Securities: Financial instruments like stocks or bonds that represent ownership or debt and are subject to securities regulations.