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The United States Securities and Stock Exchange Committee will continue to reduce hostility for crypto and non-communicated symbolic projects. During another bullish course, the regulatory committee closed the investigation into Cyberkongz, a well -known uncommon sign project created by Ethereum. Previously, the US SEC was known for its harsh crypto and NFT projects.
SEC falls on the probe cyber Kongz
In the April 15th blog post, the Cyberkongz team confirmed that the United States Securities and Exchange Committee had abandoned their investigation into these ineffective signs and play projects. Cyberkongz, launched in March 2021, is a non-function that contains a limited publication of 1000 randomly generated 2D and 3D-discovered gorillas, hosted by ethereum blockchain network. The NFT collection was created by digital artist Myoo.
SEC has officially closed its investigation on Cyberkongz.
After years of litigation, unfair allegations, legal fees and the biggest obstacle we may be exposed to – we are free.
This is an extremely proud moment for Cyberkongz. We are small, passionate,… pic.twitter.com/ku1qonp4w
– Cyberkongz (@cyberkongz) April 15, 2025
The United States Securities and Exchange Committee filed a well-known notification to the Cyberkongz NFT team in December 2024, informing them that the investigation was underway and that possible accusations were considered. The regulatory committee raised inquiries about the issue of chips (ERC-20) with chip chain games. The regulatory agency stated that such chips should be registered as securities by increasing the disorder of projects using other similar structures.
Cyberkongz has received a wells message from Secs.
We are extremely disappointed with the approach that SC has taken towards us, but we get up and fight for a brighter future that keeps more clarity for NFT projects.
We have suffered in the last silence … pic.twitter.com/lc6hyzupb0
– Cyberkongz (@cyberkongz) December 16, 2024
One of their main problems with Cyberkongz was the Genesis Kongz NFT series in April 2021, which was actually contractual migration. The United States SEC's enforcement department turned to Cyberkongz with a very shortage of rhetoric so that they could not have published the ERC-20 crypto sign with the Blockchain game without registering as security.
In response to the announcement, Cyberkongz's leadership called the SEC a reflection of the “cryptocurrency action plan”, but expressed hope for regulatory changes with the new US administration. Fortunately, under the leadership of Donald Trump, the United States Securities and Stock Exchange Committee have abandoned almost all NFTs and cryptocurrency projects during the Biden administration.
Other NFT projects that SEC has acquitted of
Cyberkongz is joining a list of crypto and NFT projects, which has become correct after receiving good messages under the previous regime. Earlier this year, the regulatory agency closed the investigation on Opensea, one of the leading markets for non-affiliated markets on the NFT market market. The agency stated that all OpenSea market platform NFT collections were unregistered securities.
SEC stops your investigation @OpenseaTo. This is a victory for everyone who creates and builds in our room. Trying to classify NFTs as securities would have been a step back – what interprets the law incorrectly and slows down innovation.
Every creator, big or small,…
– Dfinzer.eth | OpenSea (@dfinzer) 21 February 2025
In March 2025, the United States Securities and Stock Exchange Committee officially closed its NFT company Yuga Labs. The regulatory committee put Yuga Labs into intense control three years ago, pointing out that unregulated securities with a digital early company. Yuga Labs is a digital asset incubation studio behind the popular boring yacht club and mutant yacht club NFT collections.
After 3+ years, SE has officially completed its investigation into the waterfall.
This is a huge victory for NFTS and all creators postpone our ecosystem. NFTs are not securities.
– Yuga Labs (@yugalabs) March 3, 2025
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