SEC Ends Investigation into Ethereum NFT Project CyberKongz

The United States Securities and Exchange Commission (SEC) has taken a step back from its aggressive stance towards the crypto and NFT space. The move comes after an investigation was concluded into the CyberKongz project, a popular non-fungible token (NFT) collection built on the Ethereum blockchain. The SEC had previously initiated a probe, raising questions about whether CyberKongz’s tokens were securities under federal law.