{"id":2065204,"date":"2025-10-02T21:17:02","date_gmt":"2025-10-02T21:17:02","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2065204"},"modified":"2025-10-02T21:17:02","modified_gmt":"2025-10-02T21:17:02","slug":"bored-ape-nft-creator-celebrity-promoters-win-bid-for-dismissal","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/bored-ape-nft-creator-celebrity-promoters-win-bid-for-dismissal\/","title":{"rendered":"Bored Ape NFT Creator, Celebrity Promoters Win Bid for Dismissal"},"content":{"rendered":"<p><\/p>\n<div data-test=\"article-text\">\n<div>\n<p>Yuga Labs Inc. and a raft of celebrities, including <bsp.person state=\"{&quot;_id&quot;:&quot;00000185-0845-d5bc-a1cd-8cd730920000&quot;,&quot;_type&quot;:&quot;00000160-6f41-dae1-adf0-6ff519590003&quot;}\">Madonna <\/bsp.person>, <bsp.person state=\"{&quot;_id&quot;:&quot;00000185-0845-d5bc-a1cd-8cd730920001&quot;,&quot;_type&quot;:&quot;00000160-6f41-dae1-adf0-6ff519590003&quot;}\">Paris Hilton<\/bsp.person> and <bsp.person state=\"{&quot;_id&quot;:&quot;00000185-0845-d5bc-a1cd-8cd730920003&quot;,&quot;_type&quot;:&quot;00000160-6f41-dae1-adf0-6ff519590003&quot;}\">Justin Bieber<\/bsp.person>, don\u2019t have to face a securities suit brought by Bored Ape Yacht Club NFT purchasers, a federal court ruled.<\/p>\n<p>The nonfungible tokens\u2014and one cryptocurrency\u2014don\u2019t meet the legal test for securities, Judge Fernando M. Olguin said for the US District Court for the Central District of California. But the token buyers, who sued on behalf of a proposed class, will have a chance to re-plead, he said.<\/p>\n<p>The case is among several targeting celebrities for allegedly promoting unregistered securities. Celebrities and YouTube influencers largely &#8230;<\/p>\n<\/div>\n<\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source news.bloomberglaw.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yuga Labs Inc. and a raft of celebrities, including Madonna , Paris Hilton and Justin Bieber, don\u2019t have to face a securities suit brought by Bored Ape Yacht Club NFT purchasers, a federal court ruled. The nonfungible tokens\u2014and one cryptocurrency\u2014don\u2019t meet the legal test for securities, Judge Fernando M. Olguin said for the US District [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2065205,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25177],"tags":[385837,385836,385840,385834,385835,385838,385839,349755],"class_list":["post-2065204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-celebrities","tag-blockchain","tag-class-actions","tag-definition-of-securities","tag-digital-currency","tag-dismissal","tag-federal-budget","tag-illegal-sale-of-unregistered-securities","tag-settlements"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2025\/10\/Bored-Ape-NFT-Creator-Celebrity-Promoters-Win-Bid-for-Dismissal.com2F992F972F9f5d50f2457394fd7d686c1b6d0c.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2065204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2065204"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2065204\/revisions"}],"predecessor-version":[{"id":2065206,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2065204\/revisions\/2065206"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2065205"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2065204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2065204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2065204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}