Immutable has been made aware of a notice from the SEC, questioning the adherence to established regulations. In this context, Immutable actively defends its stance on the legitimacy of the IMX token and digital rights.

SEC Notice: Objectivity Under Question

Immutable reports receiving a notice from the SEC, deemed premature and lacking transparency. The notice, consisting of fewer than 20 words, outlined the SEC's concern. The standard procedure involves significant interaction, allowing the company to clarify its positions. However, Immutable feels that in this case, the notice was issued suddenly, leaving no room for proper responses and dialogue.

Immutable's Stand: Defending Digital Rights

Since 2018, Immutable has been actively developing a decentralized gaming ecosystem and shows no signs of retreating. The company confidently asserts that IMX, the platform's native token, is not a security and views the SEC's actions as unnecessarily harsh in the context of regulation. Immutable is ready to defend digital rights, stating that hasty measures could hinder innovation in the Web3 environment.

Immutable's Claims: Need for Clear Regulation

Immutable believes that the SEC's persistent approach threatens fair regulation. The notice was received mere hours after initial contact, offering no time for discussions. This raises questions about the SEC's intent to maintain a fair dialogue. Immutable continues to build the infrastructure for Web3, hoping for instrumental and fit-for-purpose regulatory frameworks.

Immutable remains committed to its mission of protecting digital rights and advancing innovations in Web3, despite regulatory challenges. A constructive dialogue that enables the creation of clear regulatory norms is anticipated.