SEC ends with the investigation of Ethereum Nft Project Cyberkongz

The US Securities and Stock Exchange Committee continues to reduce hostility towards non -encryption symbolic projects. In another bullish move, the organizational committee ended the investigation of Cyberkongz, a popular symbolic project that was created on ETHEREM. Previously, the United States SEC is famous for the cruelty of Crypto and NFT projects.

SEC The investigation of Cyberkongz falls

In a blog post on April 15, the Cyberkongz team confirmed that the United States Securities and Stock Exchange Committee has dropped its investigation into the distinctive code projects and non -Qalha games. Cyberkongz was launched in March 2021, a non -transitional symbolic project that includes a limited version of 1000 dual -dimensional and 3D personal photos from the hosted on the Ethereum Blockchain network. The NFT collection was created by the Myoo Digital Artist.

SEC has officially closed its investigation in Cyberkongz.

After years of litigation, unfair allegations, disrupted legal fees, and the largest obstacle we can face – we are free.

This is a very proud moment for Cyberkongz. We are young, emotional, … pic.twitter.com/ku1qonp4wn

– Cyberkongz (Cyberkongz) April 15, 2025

The US Securities and Stock Exchange Committee issued a good notice of the Cyberkongz Nft team in December 2024, to inform them that the investigation is underway and that potential charges were considered. The Organizational Committee has made inquiries about the issuance of symbols (ERC-20) along with Blockchain games. The organizational agency argued that such symbols should be recorded as securities, which raises alert to other projects using similar structures.

Cyberkongz received a Wells notice from the Supreme Education Council.

We are very disappointed with the approach that SEC followed towards us, but we will stand and fight for a brighter future that carries more clarity for NFT projects.

We were suffering in silence to another … pic.twitter.com/lc6hyzupb0

– Cyberkongz (Cyberkongz) December 16, 2024

One of their main concerns with Cyberkongz was about selling Genesis Kongz Nft in April 2021, which was actually the migration of the contract. The United States Enforcement Department of the United States is close to Cyberkongz with a very interesting speech that they could not release the ERC-20 encryption code in Tawnv with Blockchain without scoring it as a security.

In response to the well notification, the Cyberkongz leadership described the position of the Supreme Education Council as a reflection of the “Crypto Anti -Agency”, but it expressed its hope of organizational change with the new leadership in the American administration. Fortunately, under Donald Trump’s leadership, the US Securities and Stock Exchange Committee decreased all investigations into NFT and Crypto projects that started during the Biden administration.

Other NFT projects were acquitted by the Supreme Education Council

Cyberkongz joins a list of Crypto and NFT projects acquired by the United States Securities and Exchange Commission after receiving good notifications under the previous system. Earlier this year, the organizational agency closed an investigation at Opensea, one of the leading non -operating symbolic markets in the NFT market. The agency claimed that all NFT groups on the Opensea market platform were unregistered securities.

SEC closes its investigation Opensea. This is a victory for everyone who creates and builds in our area. The attempt to classify NFTS as securities was a step back – one offends the interpretation of the law and slows down innovation.

Each creator, big or small, …

– Dfinzer.eth | Opensea (DFINZER) February 21, 2025

In March 2025, the US Securities and Stock Exchange Committee officially closed its investigation at NFT, Yuga Labs. The Organizational Committee put Yuga laboratories in intensive audit three years ago, noting that the digital assets company was trading unorganized securities. Yuga Labs is a digital asset nursery studio behind bored NFT groups and Mutant Ape Yacht Club Nft.

After 3 years, the Supreme Education Council officially closed its investigation at Yuga Labs.

This is a great victory for NFTS and all creators who push our ecosystem forward. Nfts is not securities.

Yuga Labs (Yugalabs) March 3, 2025

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