The CyberKongz team announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the NFT gaming project, marking a significant moment as they join other cleared firms like Yuga Labs and OpenSea. CyberKongz had been in contact with the SEC for nearly two years and received a Wells notice in December, indicating the potential for enforcement action. The recent end of the investigation reflects a broader shift within the SEC under a more crypto-friendly administration, moving toward less confrontational regulatory approaches. The scrutiny against CyberKongz stemmed from their use of the BANANA token, which the SEC appeared to interpret as a security tied to their blockchain game. The project's creators expressed relief and determination to continue developing in the Web3 space, viewing this outcome as a pivotal moment that will benefit similar projects in the gaming industry.

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