Animoca Brands, owner of popular metaverse project The Sandbox (SAND), said it will focus on non-US jurisdictions in response to the SEC’s securities ruling.
According to a recent press release from Yat Siu, President of Animoca Brands, the company, SAND of the U.S. Securities and Exchange Commission (SEC) given about securities against the decision outside the USA to jurisdictions will focus.
The SEC filed a lawsuit against Coinbase earlier this week. SAND and many tokens under US law security nature he claimed to have.
of Animoca Brands spherical Stating that it operates as a company, the chairman made the following statements on the subject:
Animoca Brans does not focus on a single region, it operates globally. The SEC focuses on the US, so it shouldn’t have an impact on Animoca Brands in the broader markets where SAND is widely available and accepted, including more progressive jurisdictions like Hong Kong and Japan.
In this context, the company outside the USA in the markets its activities more weight to give steps was also among Siu’s statements.
According to Coinecko data, the latest 30 days in 6.8% value loser SAND, end 30 days in 2.1% decrease by living writing $0.483 traded at the level.