This story was originally published on HackerNoon at: https://hackernoon.com/sec-challenges-sand-tokens-security-status. Explore the SEC's probe into the Sandbox platform's SAND token, scrutinizing its status as an investment contract. Check more stories related to tech-stories at: https://hackernoon.com/c/tech-stories. You can also check exclusive content about #sec-vs-consensys, #crypto-regulation, #sec-vs-metamask, #metamask-lawsuit-details, #crypto-brokerage, #crypto-asset-securities, #consensys-lawsuit-details, #crypto-market-updates, and more. This story was written by: @secagainsttheworld. Learn more about this writer by checking @secagainsttheworld's about page, and for more stories, please visit hackernoon.com. The SEC has initiated a legal challenge against Sandbox's SAND token, alleging it functions as an investment contract. Central to the dispute are Sandbox's efforts to revolutionize gaming via blockchain technology. This case could significantly impact regulatory oversight within the cryptocurrency industry.