Is ApeCoin legal?

Could you please clarify if ApeCoin is considered legal in the eyes of the law? With the rapidly evolving landscape of cryptocurrencies, it's important to stay informed about the legality of different digital assets. Are there any regulations or legal frameworks in place that govern ApeCoin's existence and usage? Additionally, how does the legal status of ApeCoin vary across different jurisdictions? Understanding the legal implications of investing in ApeCoin is crucial for investors to make informed decisions.