• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Immutable under SEC's Scrutiny: Notice of Possible Violations

user avatar

by Giorgi Kostiuk

a year ago

Immutable received a notice from the SEC regarding possible legal violations related to the 2021 IMX token sales. The company intends to contest the claims.

The Significance of the Wells Notice

A Wells notice from the SEC serves as a warning about potential legal action. This action aligns with a series of similar actions across the cryptocurrency sector, drawing criticism from industry leaders.

The SEC's Wells notice warns of potential legal actions. It is seen as part of a broader trend of 'regulation by enforcement' against the cryptocurrency sector.Immutable

SEC's Regulation Approach

Immutable expressed frustration with the SEC's actions, citing a lack of clear regulatory guidance. The company argues that SEC actions complicate compliance efforts.

We’re frustrated that the SEC sent us a Wells notice without specific allegations, complicating compliance efforts.None

Immutable's Commitment to Gaming Innovation

Immutable continues to push for strengthened property rights in gaming. Despite SEC actions, the company remains confident in its IMX token position and is prepared to defend it in court.

We are not here to play short-term games: Immutable is well-capitalized to build for the future of gaming. SEC actions won't stop the industry and the inevitability of digital property rights.Immutable

Immutable faces legal challenges from the SEC but remains confident in its position and aims for further innovation in blockchain gaming.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Could Bitcoin Payments Spark a Trend in Retail Adoption?

chest

Travel Retail Norway's decision to accept Bitcoin payments may act as a pilot project for the retail industry, potentially inspiring wider adoption of cryptocurrency in various sectors.

user avatarDavid Robinson

Challenges Faced by Norwegian Duty-Free Shops in Bitcoin Payment Implementation

chest

Challenges faced by Travel Retail Norway in implementing Bitcoin payments at duty-free shops include price volatility and the need for customer education.

user avatarAndrew Smith

Bitcoin Payments Offer New Advantages for Travelers

chest

Bitcoin payments at duty-free shops in Norwegian airports provide travelers with enhanced payment flexibility, privacy, and convenience, allowing them to avoid foreign transaction fees and currency exchange hassles.

user avatarJacob Williams

Norwegian Airport Duty-Free Shops Now Accept Bitcoin Payments

chest

Travel Retail Norway has introduced Bitcoin payments at major Norwegian airports, becoming the first global airport duty-free retailer to do so.

user avatarZainab Kamara

New Financial Strategies to Tackle Student Debt

chest

A report outlines 18 proven strategies to minimize college debt and maximize savings for families and students.

user avatarSon Min-ho

TrainCoin Fuels Lucky Train's Ecosystem with a Deflationary Model.

chest

TrainCoin, the utility token of Lucky Train, features a fixed supply and a deflationary model that enhances scarcity over time.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.