Odaily Planet Daily reported that the NFT project CyberKongz announced on platform X that it has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). This is a form of communication issued by SEC staff to inform a company that the agency may recommend enforcement action against it. The team stated: "Since we first received communication from the SEC, we have been quietly enduring for the past two years. Throughout this process, they have shown a complete lack of understanding of blockchain technology, leading to unfair accusations and inaccurate information. CyberKongz is a project rooted in the gaming sector, and the SEC's enforcement division has made very concerning statements to us, namely that the tokens (ERC-20) cannot be associated with blockchain games unless they are registered as securities. Such statements will have a significant impact on the entire web3 gaming industry, and we will oppose this position in a broader context."

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