# Securities

A judge has dismissed a lawsuit against Yuga Labs, the company behind BAYC, ruling that its NFTs do not meet the legal threshold to be considered securities.

Japan securities regulators have proposed folding crypto into the FIEA, extending disclosure rules, banning insider trading, and imposing penalties. The move would reshape oversight of digital assets in Japan’s crypto markets.

SEC Liquid Staking guidance has clarified that compliant protocols and their receipt tokens have not required registration when assets are non-securities and providers perform only ministerial tasks. Chairman Paul Atkins has also launched ‘Project Crypto’ to modernize on-chain regulation.