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What strategy will CyberKongz adopt in response to SEC actions by mid-2025?
2
Resolution / Starting Odds
Legal challenge • 25%
Compliance adjustments • 25%
Token discontinuation • 25%
Other strategies • 25%
CyberKongz official announcements and strategic updates
Story
CyberKongz Receives SEC Wells Notice Over Unregistered Securities Offerings After Two Years of Investigation
Dec 16, 2024, 08:42 PM
CyberKongz, a prominent NFT project, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), indicating potential violations related to unregistered securities offerings. The project expressed disappointment with the SEC's approach, emphasizing its commitment to advocating for clearer regulations in the NFT space. According to CyberKongz, the SEC's Division of Enforcement has raised concerns about the legality of having a token associated with a blockchain game without registering it as a security. The project revealed that it had been under investigation by the SEC for the past two years. This action follows similar scrutiny faced by other NFT platforms, raising questions about regulatory practices affecting the broader cryptocurrency and NFT markets.
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Increase compliance measures • 25%
Cease certain services • 25%
Relocate operations • 25%
No significant change • 25%
Product withdrawal • 25%
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Legal appeal • 25%
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Increased compliance measures • 25%
Withdrawal from certain markets • 25%
No significant changes • 25%
Expansion in other areas • 25%
Launches new token with proper registration • 25%
Shuts down operations • 25%
Continues operations without issuing new tokens • 25%
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More explicit guidelines • 25%
Increased enforcement • 25%
No significant change • 25%
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Increase in crypto investments • 25%
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Diversification into other assets • 25%
No significant change • 25%
Remains a major player • 33%
Loses significant market share • 33%
Exits the market • 34%
New security measures implemented • 25%
No change in security measures • 25%
Outsourcing social media management • 25%
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New lawsuit against another exchange • 25%
New regulations for crypto assets • 25%
Settlement with another major exchange • 25%
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