TLDR
- CyberKongz announced the SEC has closed its investigation after two years of scrutiny
- The project had received a Wells Notice in December regarding its BANANA token
- CyberKongz is planning a full rebrand and new direction following this development
- The closure joins other ended SEC crypto investigations since Trump took office
- SEC had questioned whether tokens used with blockchain games should be registered as securities
The NFT collection CyberKongz announced on Tuesday that the U.S. Securities and Exchange Commission (SEC) has closed its investigation into the project, allowing the team to move forward with planned changes. The announcement, made via the project’s X account, marks the latest in a series of ended probes by the agency since President Donald Trump took office in January 2025.
“As for CyberKongz, the shackles are lifted,” the firm stated in its announcement. “We have been preparing for this…
