• 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

Chinese EV Brands Gain Market Share in Europe

chest

Chinese brands, including BYD, captured a significant share of the European car market, with 95% of all car sales in December 2025 attributed to them.

user avatarBayarjavkhlan Ganbaatar

Ardor Sees Significant Gains Following Successful Hard Fork

chest

Ardor has gained 2156% in the past 24 hours following a successful hard fork, increasing its market capitalization to approximately $609.9 million.

user avatarTenzin Dorje

BYD Increases Exports Amid Domestic Sales Decline

chest

BYD increased exports to 100,482 vehicles in January 2026, planning a 25% growth this year to offset declining domestic sales.

user avatarElias Mukuru

BYD Faces Significant Sales Decline in January 2026

chest

BYD reported a 30% drop in car sales in January 2026 compared to the previous year, selling only 210,051 cars down from 300,538 in January 2025.

user avatarMohamed Farouk

Shiba Inu Maintains Relevance with Community Engagement

chest

Shiba Inu continues to thrive as a meme brand, leveraging community engagement to sustain interest and development.

user avatarDiego Alvarez

Uniswap Faces Challenges as DeFi Market Sentiment Shifts

chest

Uniswap faces renewed pressure after failing to sustain its earlier breakout, with its price now trading closer to the 390 area following a sharp pullback.

user avatarKenji Takahashi

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.