CyberKongz has publicly criticized the U.S. Securities and Exchange Commission (SEC) for its "perplexing" stance on smart contracts. The blockchain organization argues that the SEC's interpretation of contract migration is fundamentally flawed. This criticism highlights ongoing tensions between blockchain innovators and regulatory bodies. The SEC's approach may stifle innovation by imposing traditional regulatory frameworks on emerging technologies. As the industry grapples with these challenges, the future of smart contract deployment remains uncertain, casting a shadow over market optimism.