Ethereum gaming project CyberKongz says SEC has ended investigation

CyberKongz announced that the SEC has closed its investigation after two years of scrutiny concerning its use of the BANANA token. This important milestone provides a boost to the project’s credibility in the web3 gaming landscape.

The outcome reflects a transition towards more favorable regulations for crypto firms under the Trump administration, aligning with the closure of other investigations in the NFT space, notably by companies like Yuga Labs.

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