Sunday, June 1, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Regulations

NFT Project CyberKongz Vows To ‘Stand Up and Fight’ After Receiving Wells Notice From SEC

n70products by n70products
December 22, 2024
in Regulations
0
NFT Project CyberKongz Vows To ‘Stand Up and Fight’ After Receiving Wells Notice From SEC
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


The U.S. Securities and Alternate Fee (SEC) not too long ago despatched a Wells discover to CyberKongz, indicating the regulator plans to take enforcement motion towards the non-fungible token (NFT) mission.

CyberKongz introduced the discover this week and says it plans to “rise up and battle” in response to the SEC’s crackdown.

“Now we have been struggling in silence for the final two years, ever since we first acquired contact from the SEC. All through your complete course of they’ve showcased an entire lack of information of blockchain applied sciences that has resulted in unjust accusations and knowledge inaccuracies.

CyberKongz is a mission deep-rooted in gaming and the SEC’s Division of Enforcement have approached us with very regarding rhetoric you can not have a token (ERC-20) in tandem with a blockchain recreation with out registering it as a safety. This discourse would have main implications for your complete web3 gaming trade, and we’ll defend towards this stance for the broader house.”

The SEC additionally sent a Wells notice to the NFT market OpenSea in August, claiming that NFTs on the platform are securities.

CyberKongz additionally says the regulator’s Wells discover “demonstrated a perplexing interpretation of good contracts.”

“One in every of their main issues with CyberKongz is across the ‘sale’ of Genesis Kongz in April 2021, which was really a contract migration. If they can not distinguish between a main sale and a contract migration, what hope can we at the moment have for a transparent regulatory pathway going ahead?”

Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox

Verify Price Action

Comply with us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Each day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any losses chances are you’ll incur are your duty. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please be aware that The Each day Hodl participates in affiliate internet marketing.

Generated Picture: Midjourney





Source link

Tags: CyberKongzfightNFTnoticeProjectReceivingSECStandvowsWells
Previous Post

Bitcoin Demand On The Rise Again — What’s Happening?

Next Post

Altcoin That’s Up 20,000%+ Year-to-Date and Nine Others Are Seeing ‘Very Large Whale Transfers’: Santiment

Next Post
Altcoin That’s Up 20,000%+ Year-to-Date and Nine Others Are Seeing ‘Very Large Whale Transfers’: Santiment

Altcoin That’s Up 20,000%+ Year-to-Date and Nine Others Are Seeing ‘Very Large Whale Transfers’: Santiment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Billionaire Mike Novogratz Says Myriad of Tailwinds To Imminently Boost Crypto Industry – Here’s His Outlook

Billionaire Mike Novogratz Says Myriad of Tailwinds To Imminently Boost Crypto Industry – Here’s His Outlook

February 5, 2024
Internet Personality Dave Portnoy Issues Exciting XRP – Bitcoin Forecast

Internet Personality Dave Portnoy Issues Exciting XRP – Bitcoin Forecast

May 17, 2025
EU To Investigate Links Between Banks and Non-Bank Entities, Including Crypto Firms: Report

EU To Investigate Links Between Banks and Non-Bank Entities, Including Crypto Firms: Report

January 4, 2024
XRP Price News: XRP Tests Crucial $2 Support, Will Bulls Defend amid Trump Tariff Woes?

XRP Price News: XRP Tests Crucial $2 Support, Will Bulls Defend amid Trump Tariff Woes?

April 3, 2025
Bitcoin traders, here’s why you should brace for a pullback to $100k

Bitcoin traders, here’s why you should brace for a pullback to $100k

May 26, 2025
ETH whale withdraws 5160 tokens worth 20 million

ETH whale withdraws 5160 tokens worth 20 million

December 14, 2024

Recent Posts

  • Binance Whales Are Accumulating Ethereum Again – Will History Repeat?
  • Bitcoin price surge encourages more companies to acquire crypto
  • Bitcoin’s Next Big Buyer? Saylor Points To Bank Of England

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

Binance Whales Are Accumulating Ethereum Again – Will History Repeat?

Binance Whales Are Accumulating Ethereum Again – Will History Repeat?

June 1, 2025
Bitcoin price surge encourages more companies to acquire crypto

Bitcoin price surge encourages more companies to acquire crypto

June 1, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version