News Explorer — Sandbox COO: 'We Do Not Agree' With SEC Labeling SAND Token a Security

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Jun 7, 6:26 pm

Decrypt

Sandbox COO: 'We Do Not Agree' With SEC Labeling SAND Token a Security

The SEC has recently taken action against two leading crypto exchanges, Binance and Coinbase, and named SAND from the Sandbox metaverse game as an unregistered security. Sabastien Borget, co-founder and Chief Operating Officer of The Sandbox, responded to the news and stated that they do not agree with the characterization of SAND as a security. He also noted that the U.S. is still an important market for The Sandbox.

The SEC has recently taken action against two leading crypto exchanges, Binance and Coinbase, and named SAND from the Sandbox metaverse game as an unregistered security. Sabastien Borget, co-founder and Chief Operating Officer of The Sandbox, responded to the news and stated that they do not agree with the characterization of SAND as a security. He also noted that the U.S. is still an important market for The Sandbox.

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