The Web3 gaming platform cannot say that the SEC has closed its investigation into the company, clearing any further action.
Immutable – The company behind Ethereum’s 2-layer Immutablex said in a statement on March 25 that the SEC closed its inquiry into the company without finding out wrongdoing and “closed the loop on a Wells notice issued by the SEC last year.”
In November, it was unchanged and it received Be careful From the Regulatory Authority – A letter informing the SEC that it is considering executing a lawsuit, usually issued after reaching a conclusion. Securities Violating the law.
“We are pleased that the SEC has concluded. This marks an important milestone for the cryptocurrency industry and games as we move into the future with regulatory clarity,” Robbie Ferguson, the endless president and co-founder, said in a statement.
A constant spokesperson told Cointelegraph that the SEC sent a termination letter without explaining why it had ended the investigation. The spokesman said the letter did not improve and the SEC’s irrelevant review of the information “appeared to have led them to end the investigation.”
Impossible to say in a November blog post It believes in SEC It is aimed at its own “listing and private sales” in 2021 (IMX) token.
Immutable X post after receiving Wells notification in November 2024. Source: constant
The company said it made a 10-minute call with the SEC after the notice, which accused the immutable 2021 blog post, pointing to a pre-invented investment in the IMX token at a price of $0.10, which was “a split of 100 votes before $100” which is inaccurate and suggests there is no exchange of value between the parties.
At the time, immature people said it was “confident in its position” and would fight the claims of regulators.
The Securities and Exchange Commission (SEC) Try to resist The agency was able to treat his commitment to mitigating the cryptocurrency industry from regulatory actions.
Last month, the Securities and Exchange Commission (SEC) Encrypted communication Gemini.
Related: Will the new US SEC rules bring crypto companies to shore?
The regulator has also filed a series of compelling lawsuits against cryptocurrency companies, including against Ripple Labs, Coinbase and Kraken.
Despite the SEC’s withdrawal, Manhattan-based Rosen Law Firm Quote Wells notified the securities class action lawsuit attempting to file a lawsuit against the company on its IMX token product, which is immutable, a spokesperson said, “does not care.”
In its statement, Instable said the Level 3 AAA gaming studio “has previously viewed legal and compliance risks as a critical obstacle to entering the Web3 gaming space.”
It added: “However, with a clear regulatory framework approaching, this is expected to unlock further investment and opportunities to market the market purchases that are now over $100 billion,” it added.
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