NFT project CyberKongz has announced that the SEC has concluded its investigation into the project without making any charges or enforcement actions.

Blockbeats

04-16

BlockBeats News, April 16th, according to TheBlock, Ethereum NFT and gaming project CyberKongz announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation with no charges or enforcement action.

Yesterday, CyberKongz posted on Platform X confirming that the SEC's investigation has officially ended and revealed plans to launch a "brand reshaping" initiative. CyberKongz stated that the SEC's enforcement team put forward "a very concerning argument that a token (ERC-20) cannot be used in conjunction with a blockchain game without registering it as a security first."

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