Be with us telegram Channel to maintain the latest state for news reports
The US Securities and Exchange Commission continues to reduce the hostility of encryption and thriving token projects. In another strong movement, the Regulatory Commission ended a survey of Cyberkongz, a famous token project created in Ether Leeum. Previously, the US SEC was famous for its harshness to encryption and NFT projects.
The SEC drops the probe to Cyberkongz.
In the blog post on April 15, the Cyberkongz team confirmed that the US Securities Exchange Commission had stopped investigating tokens and game projects that could not be interrupted. Cyberkongz, launched in March 2021, is a token project that is characterized by a limited edition of 2D and 3D avatars, which were produced by 1,000 randomly produced in Etherum Blockchain Network. The NFT collection was created by digital artist MyOO.
The SEC officially closed the investigation of Cyberkongz.
After years of litigation, unfair charges, legal costs, and after the greatest obstacle we can meet -we are free.
It’s a very proud moment for cyber Kongs. We are small and passionate. pic.twitter.com/ku1qonp4wn
-Cyberkongz (@cyberkongz) April 15, 2025
The US Securities and Exchange Commission notified the Cyber Kong’s NFT team in December 2024 to announce that the investigation is underway and potential claims are being considered. The Regulatory Committee has asked questions about the issue of tokens (ERC-20) with the blockchain game. The regulatory agency insisted that such tokens should be registered as securities and use a similar structure to increase alarms on other projects.
Cyberkongz received a well notice from the SEC.
We are very disappointed by the SEC’s approach to us, but we will stand up and fight for a brighter future that maintains more clarity in the NFT project.
We are finally suffering in silence… pic.twitter.com/lc6hyzupb0
-Cyberkongz (@cyberkongz) December 16, 2024
One of the main concerns about Cyber Kongs was the sale of the Genesis Kongs NFT series in April 2021, which was actually a contract migration. The execution department of the US SEC approached Cyberkongz and did not register as a security and not registered as a blockchain game with a blockchain game.
In response to the well, the Cyber Kongs leadership called the SEC’s position as a reflection of the “anti-crypto agenda,” but expressed hope for regulatory changes with the new leadership of the US administration. Fortunately, under the Donald Trump, the US Securities and Exchange Commission suspended almost all investigations in the NFT and encryption projects in the BIDEN administration.
Other NFT projects popular by SEC
Cyberkongz joined the list of encryption and NFT projects acquired by the US Securities and Exchange Commission after receiving a well notice under the previous regime. Earlier this year, regulators ended the survey of OpenSea, one of the enthusiastic token markets in the NFT market. The agency insisted that all NFT collections on the OpenSea Market platform are unregistered securities.
SEC is concluding the investigation @opensea. This is a victory for everyone who creates and builds in our space. Trying to classify NFT as securities would have retreated one step behind the wrong interpretation of the law and slowing innovation.
All small creations
-Dfinzer.eth | OpenSea (@dfinzer) February 21, 2025
In March 2025, the US Securities and Exchange Commission officially closed the NFT company, Yuga Labs. The Regulatory Commission mentioned three years ago that digital asset companies are trading unregulated securities, participating in a fierce investigation of the laboratory. Yuga Labs is a popular boring APE yacht club and a digital asset incubation studio from the Mutant APE YACHT CLUB NFT collection.
For more than three years, the SEC officially closed the Yuga Labs.
This is a great victory for all producers who promote the ecosystem to NFT and all producers. NFT is not securities.
-Lab (@yugalabs) March 3, 2025
Related NFT News:
Best wallet -diversify the encryption portfolio
- Easy to use and function -oriented password wallet
- Access early token ICO
- Multi -chain, multi -vehicle, non -parenting
- Now Google Play at App Store
- You can get the best token $
- 250,000+ Monthly active users
Be with us telegram Channel to maintain the latest state for news reports