{"id":78619,"date":"2025-10-06T19:23:46","date_gmt":"2025-10-06T10:23:46","guid":{"rendered":"https:\/\/nextmoney.jp\/?p=78619"},"modified":"2025-10-06T19:23:46","modified_gmt":"2025-10-06T10:23:46","slug":"%e7%b1%b3%e3%83%bb%e9%80%a3%e9%82%a6%e8%a3%81%e5%88%a4%e6%89%80%e3%80%81bored-ape-nft%e3%81%af%e8%a8%bc%e5%88%b8%e3%81%a7%e3%81%af%e3%81%aa%e3%81%84%e3%81%a8%e5%88%a4%e6%96%ad","status":"publish","type":"post","link":"https:\/\/nextmoney.jp\/?p=78619","title":{"rendered":"\u7c73\u30fb\u9023\u90a6\u88c1\u5224\u6240\u3001Bored Ape NFT\u306f\u8a3c\u5238\u3067\u306f\u306a\u3044\u3068\u5224\u65ad"},"content":{"rendered":"<h2>\u30ab\u30ea\u30d5\u30a9\u30eb\u30cb\u30a2\u9023\u90a6\u88c1\u5224\u6240\u304cBAYC\u306f\u8a3c\u5238\u3067\u306f\u306a\u3044\u3068\u5224\u65ad<\/h2>\n<p>\u30ab\u30ea\u30d5\u30a9\u30eb\u30cb\u30a2\u5dde\u306e\u9023\u90a6\u88c1\u5224\u6240\u306f\u3001<a href=\"https:\/\/boredapeyachtclub.com\/\" rel=\"noopener\" target=\"_blank\">BAYC<\/a>\uff08Bored Ape Yacht Club\uff1a\u30dc\u30a2\u30fc\u30c9\u30fb\u30a8\u30a4\u30d7\u30fb\u30e8\u30c3\u30c8\u30fb\u30af\u30e9\u30d6\uff09\u306eNFT\uff08\u975e\u4ee3\u66ff\u6027\u30c8\u30fc\u30af\u30f3\uff09\u306f\u8a3c\u5238\u3067\u306f\u306a\u3044\u3068\u5224\u65ad\u3057\u3001BAYC\u306e\u6cd5\u7684\u5730\u4f4d\u3092\u4e89\u3063\u3066\u3044\u305f\u96c6\u56e3\u8a34\u8a1f\u3092\u7d42\u7d50\u3055\u305b\u305f\u3002<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">A U.S. federal judge in California has dismissed an investor lawsuit against Yuga Labs, ruling that its Bored Ape Yacht Club (BAYC) NFTs and ApeCoin do not constitute securities. The court stated that the plaintiffs failed to prove the three prongs of the Howey test, affirming\u2026<\/p>\n<p>&mdash; Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1974286689494577226?ref_src=twsrc%5Etfw\">October 4, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<div class=\"c_box white_box\"><span style=\"font-size:10pt;\"><span style=\"font-size: 10pt;\">\u65e5\u672c\u8a9e\u8a33\uff1a<br \/>\n\u30ab\u30ea\u30d5\u30a9\u30eb\u30cb\u30a2\u5dde\u306e\u9023\u90a6\u5224\u4e8b\u306f\u3001Yuga Labs\u306b\u5bfe\u3059\u308b\u6295\u8cc7\u5bb6\u8a34\u8a1f\u3092\u68c4\u5374\u3057\u3001\u540c\u793e\u306eBAYC\uff08Bored Ape Yacht Club\uff09NFT\u3068ApeCoin\u306f\u8a3c\u5238\u3092\u69cb\u6210\u3057\u306a\u3044\u3068\u5224\u65ad\u3057\u305f\u3002\u88c1\u5224\u6240\u306f\u3001\u539f\u544a\u304cHowey\u30c6\u30b9\u30c8\u306e3\u3064\u306e\u8981\u7d20\u3092\u8a3c\u660e\u3067\u304d\u306a\u304b\u3063\u305f\u3068\u8ff0\u3079\u3001BAYC NFT\u306f\u6295\u8cc7\u5546\u54c1\u3067\u306f\u306a\u304f\u3001\u4f1a\u54e1\u7279\u5178\u4ed8\u304d\u306e\u30c7\u30b8\u30bf\u30eb\u30b3\u30ec\u30af\u30bf\u30d6\u30eb\u3067\u3042\u308b\u3053\u3068\u3092\u78ba\u8a8d\u3057\u305f\u3002<\/span><\/span><\/div>\n<p>\u30ab\u30ea\u30d5\u30a9\u30eb\u30cb\u30a2\u5dde\u4e2d\u90e8\u5730\u533a\u9023\u90a6\u5730\u65b9\u88c1\u5224\u6240\u306e\u30d5\u30a7\u30eb\u30ca\u30f3\u30c9\u30fbM\u30fb\u30aa\u30eb\u30ae\u30f3\uff08Fernando M. Olguin\uff09\u5224\u4e8b\u306f\u3001Bored Ape NFT\u306fHowey\uff08\u30cf\u30a6\u30a3\u30fc\uff09\u30c6\u30b9\u30c8<span style=\"font-size: 10pt;\">\uff08\u203b1\uff09<\/span>\u306b\u57fa\u3065\u304f\u8a3c\u5238\u306e\u6cd5\u7684\u8981\u4ef6\u3092\u6e80\u305f\u3057\u3066\u3044\u306a\u3044\u3068\u7d50\u8ad6\u4ed8\u3051\u3001Yuga Labs\u306b\u5bfe\u3059\u308b\u8a34\u8a1f\u3092\u68c4\u5374\u3002\u5224\u4e8b\u306f\u3001OpenSea\u306e\u3088\u3046\u306a\u30b5\u30fc\u30c9\u30d1\u30fc\u30c6\u30a3\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3067\u8ca9\u58f2\u3055\u308c\u3001NFT\u4fdd\u6709\u8005\u306e\u7d4c\u6e08\u7684\u6210\u529f\u3068Yuga Labs\u306e\u4e8b\u696d\u3092\u7d50\u3073\u3064\u3051\u308b\u300c\u5171\u901a\u4e8b\u696d\u4f53\u306f\u5b58\u5728\u3057\u306a\u3044\u300d\u3068\u5224\u65ad\u3057\u3066\u306e\u5224\u6c7a\u3060\u3002\u3053\u308c\u306f\u3001\u4fdd\u6709\u8005\u306e\u5229\u76ca\u306f\u540c\u793e\u306e\u696d\u7e3e\u306b\u7d50\u3073\u3064\u3044\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3092\u610f\u5473\u3059\u308b\u3002<\/p>\n<div class=\"c_box white_box\"><span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\">\uff08\u203b1\uff09Howey\uff08\u30cf\u30a6\u30a3\u30fc\uff09\u30c6\u30b9\u30c8\u3068\u306f\u2026<br \/>\nSEC\u304c\u3001\u3042\u308b\u53d6\u5f15\u304c\u300c\u6295\u8cc7\u5951\u7d04\u300d\u306b\u8a72\u5f53\u3059\u308b\u304b=\u8a3c\u5238\u3068\u3057\u3066\u6271\u308f\u308c\u308b\u3079\u304d\u304b\u3092\u5224\u65ad\u3059\u308b\u305f\u3081\u306b\u7528\u3044\u308b\u57fa\u6e96\u306e\u4e8b\u3067<br \/>\n\u25cf<b>\u8cc7\u91d1\u306e\u6295\u8cc7<\/b>=\u6295\u8cc7\u5bb6\u304c\u4f55\u3089\u304b\u306e\u8cc7\u91d1\u3092\u6295\u3058\u3066\u3044\u308b<br \/>\n\u25cf<b>\u5171\u901a\u306e\u4e8b\u696d<\/b>=\u6570\u306e\u6295\u8cc7\u5bb6\u304c\u5171\u901a\u306e\u4e8b\u696d\u3084\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306b\u53c2\u52a0\u3057\u3066\u3044\u308b<br \/>\n\u25cf<b>\u5229\u76ca\u306e\u671f\u5f85<\/b>=\u6295\u8cc7\u5bb6\u304c\u5229\u76ca\u3092\u5f97\u308b\u3053\u3068\u3092\u671f\u5f85\u3057\u3066\u3044\u308b<br \/>\n\u25cf<b>\u4ed6\u8005\u306e\u52aa\u529b\u306b\u3088\u308b\u5229\u76ca<\/b>=\u305d\u306e\u5229\u76ca\u304c\u3001\u6295\u8cc7\u5bb6\u81ea\u8eab\u306e\u52aa\u529b\u3067\u306f\u306a\u304f\u3001\u767a\u884c\u8005\u3084\u4ed6\u306e\u7b2c\u4e09\u8005\u306e\u52aa\u529b\u306b\u4f9d\u5b58\u3057\u3066\u5f97\u3089\u308c\u308b\u3082\u306e<br \/>\n\u3053\u308c\u3089\u56db\u3064\u306e\u8981\u4ef6\u304b\u3089\u306a\u308b\u30c6\u30b9\u30c8\u306e\u3053\u3068\u3067\u3001\u56db\u3064\u306e\u8981\u4ef6\u3059\u3079\u3066\u3092\u6e80\u305f\u3059\u5834\u5408\u3001\u300c\u6295\u8cc7\u5951\u7d04\u300d\u3068\u3057\u3066\u8a3c\u5238\u306b\u8a72\u5f53\u3059\u308b\u3068\u5224\u65ad\u3055\u308c\u308b\u3002\u307e\u305f\u3001\u3053\u306e\u540d\u79f0\u306f\u30011946\u5e74\u306eSEC\u5bfeW. J. Howey\u793e\u4e8b\u4ef6\u306b\u7531\u6765\u3057\u3066\u3044\u308b\u3002<\/span><\/span><\/div>\n<p>\u3053\u306e\u5224\u6c7a\u306f\u3001Yuga Labs\u306e\u7c73\u56fd\u8a3c\u5238\u6cd5\u9075\u5b88\u3092\u3081\u3050\u308b\u9577\u5e74\u306e\u4e0d\u78ba\u5b9f\u6027\u306b\u7d42\u6b62\u7b26\u3092\u6253\u3061\u3001NFT\u306e\u898f\u5236\u4e0a\u306e\u5206\u985e\u306b\u95a2\u3059\u308b\u3053\u308c\u307e\u3067\u3067\u6700\u3082\u7c21\u6f54\u306a\u5224\u6c7a\u306e\u4e00\u3064\u3068\u306a\u308a\u3001\u30af\u30ea\u30a8\u30a4\u30bf\u30fc\u306b\u3068\u3063\u3066\u5927\u304d\u306a\u52dd\u5229\u3068\u306a\u3063\u305f\u3002<br \/>\n<\/br><\/p>\n<h3>\u30ed\u30a4\u30e4\u30eb\u30c6\u30a3\u306f\u5171\u901a\u306e\u7d4c\u6e08\u7684\u5229\u76ca\u3092\u640d\u306a\u3046<\/h3>\n<p>\u88c1\u5224\u6240\u306f\u3001NFT\u306fYuga Labs\u304c\u904b\u55b6\u3059\u308b\u53d6\u5f15\u6240\u3067\u306f\u306a\u304f\u3001OpenSea\u3084Coinbase\u3068\u3044\u3063\u305f\u7b2c\u4e09\u8005\u306e\u30de\u30fc\u30b1\u30c3\u30c8\u30d7\u30ec\u30a4\u30b9\u3092\u901a\u3058\u3066\u8cfc\u5165\u3055\u308c\u305f\u3068\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n<p>\u3053\u306e\u9055\u3044\u306f\u3001Dapper Labs\u306eNBA Top Shot NFT\u3084DraftKings NFT\u3068\u3044\u3063\u305f\u904e\u53bb\u306e\u4e8b\u4f8b\u3068BAYC\u3092\u533a\u5225\u3059\u308b\u3082\u306e\u3067\u3042\u308a\u3001\u3053\u308c\u3089\u306e\u4e8b\u4f8b\u3067\u306f\u3001\u88c1\u5224\u6240\u306f\u767a\u884c\u8005\u3068\u4e8c\u6b21\u5e02\u5834\u6d3b\u52d5\u306e\u9593\u306b\u3088\u308a\u5bc6\u63a5\u306a\u4e8b\u696d\u4e0a\u306e\u3064\u306a\u304c\u308a\u304c\u3042\u308b\u3068\u8a8d\u5b9a\u3057\u3066\u3044\u308b\u3002<\/p>\n<p>\u540c\u5224\u4e8b\u306e\u5224\u6c7a\u3067\u306f\u3001Yuga Labs\u304c\u4e8c\u6b21NFT\u8ca9\u58f2\u304b\u3089\u30ed\u30a4\u30e4\u30eb\u30c6\u30a3\u3092\u53d7\u3051\u53d6\u3063\u3066\u3044\u308b\u3053\u3068\u304c\u3001\u5171\u901a\u306e\u8ca1\u52d9\u69cb\u9020\u306e\u4e3b\u5f35\u3092\u3055\u3089\u306b\u5f31\u3081\u308b\u3068\u6307\u6458\u3002\u3053\u308c\u306f\u3001Dapper Labs\u306eNBA Top Shot\u3084DraftKings NFT\u306b\u95a2\u3059\u308b\u904e\u53bb\u306e\u8a34\u8a1f\u3068\u306f\u5bfe\u7167\u7684\u3067\u3001\u3053\u308c\u3089\u306e\u8a34\u8a1f\u3067\u306f\u3001\u767a\u884c\u8005\u3068\u4e8c\u6b21\u5e02\u5834\u306e\u9593\u306b\u3088\u308a\u5bc6\u63a5\u306a\u95a2\u9023\u6027\u304c\u3042\u308b\u3068\u88c1\u5224\u6240\u304c\u5224\u65ad\u3002\u540c\u793e\u306f\u3001Bored Ape\u304c\u58f2\u8cb7\u3055\u308c\u308b\u305f\u3073\u306b\u3001\u8cfc\u5165\u8005\u304c\u5229\u76ca\u3092\u5f97\u305f\u304b\u640d\u5931\u3092\u88ab\u3063\u305f\u304b\u306b\u95a2\u308f\u3089\u305a\u3001\u56fa\u5b9a\u624b\u6570\u6599\u3092\u53d7\u3051\u53d6\u3063\u3066\u304a\u308a\u3001\u88c1\u5224\u5b98\u306f\u3001\u3053\u306e\u4ed5\u7d44\u307f\u306fNFT\u4fdd\u6709\u8005\u3068\u540c\u793e\u306e\u91d1\u92ad\u7684\u5229\u76ca\u3092\u300c\u5207\u308a\u96e2\u3057\u3066\u3044\u308b\u300d\u3068\u8ff0\u3079\u305f\u3002<\/p>\n<p>\u8ee2\u58f2\u3054\u3068\u306b\u6700\u592710%\u306b\u9054\u3059\u308b\u30af\u30ea\u30a8\u30a4\u30bf\u30fc\u30ed\u30a4\u30e4\u30eb\u30c6\u30a3\u306f\u3001NFT\u5e02\u5834\u5168\u4f53\u3067\u6a19\u6e96\u7684\u306a\u4ed5\u7d44\u307f\u3068\u306a\u3063\u3066\u304a\u308a\u3001\u88c1\u5224\u6240\u306f\u3001Yuga Labs\u304c\u4fdd\u6709\u8005\u306e\u6295\u6a5f\u7684\u306a\u5229\u76ca\u306b\u4f9d\u5b58\u305b\u305a\u306b\u8ca9\u58f2\u6d3b\u52d5\u304b\u3089\u5229\u76ca\u3092\u5f97\u3066\u3044\u305f\u305f\u3081\u3001\u3053\u306e\u3088\u3046\u306a\u30ed\u30a4\u30e4\u30eb\u30c6\u30a3\u306f\u6295\u8cc7\u5951\u7d04\u306e\u5b58\u5728\u3092\u793a\u5506\u3057\u3066\u3044\u306a\u3044\u3068\u5224\u65ad\u3057\u3066\u3044\u308b\u3002<\/p>\n<p>\u4eca\u56de\u306e\u5224\u6c7a\u306f\u3001\u7c73\u56fd\u898f\u5236\u5f53\u5c40\u306b\u3088\u308bNFT\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306b\u95a2\u3059\u308b\u8907\u6570\u306e\u8abf\u67fb\u3092\u53d7\u3051\u3066\u4e0b\u3055\u308c\u305f\u3002\u4eca\u5e74\u521d\u3081\u306b<a href=\"https:\/\/www.sec.gov\/\" rel=\"noopener\" target=\"_blank\">SEC<\/a>\uff08\u7c73\u56fd\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\uff09\u306f\u3001Yuga 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style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>\u30ab\u30ea\u30d5\u30a9\u30eb\u30cb\u30a2\u9023\u90a6\u88c1\u5224\u6240\u304cBAYC\u306f\u8a3c\u5238\u3067\u306f\u306a\u3044\u3068\u5224\u65ad \u30ab\u30ea\u30d5\u30a9\u30eb\u30cb\u30a2\u5dde\u306e\u9023\u90a6\u88c1\u5224\u6240\u306f\u3001BAYC\uff08Bored Ape Yacht 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