• 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

Negotiations on Stablecoin Interest Payments Continue

chest

Ongoing discussions about whether stablecoin issuers can offer interest on unused token balances, with a focus on user engagement rewards.

user avatarKofi Adjeman

Oppenheimer Analyst Upgrades Oracle Stock Rating

chest

Oppenheimer analyst Brian Schwartz upgraded Oracle's stock rating to 'buy' with a target price of $185, indicating a potential 25% return on investment over the next 12 months.

user avatarNguyen Van Long

Oracle Stock Surges After Nvidia Earnings Call

chest

Oracle's stock price increased significantly following Nvidia's positive earnings report, which alleviated concerns about the AI market.

user avatarSatoshi Nakamura

Bitcoin's Correlation with Stock Market Hits Record Low

chest

Bitcoin has recently become the least correlated to the stock market since the FTX crash in 2022, according to analytics firm Santiment.

user avatarJesper Sørensen

Dutch Finance Minister to Revise Tax Overhaul

chest

The Dutch Finance Minister announced plans to amend the controversial tax bill on unrealized gains following criticism from lawmakers and investors.

user avatarRajesh Kumar

India's Gold ETF Inflows Hit Record 250 Billion Rupees

chest

Gold ETF inflows in India have reached a record 250 billion rupees, surpassing equity mutual fund inflows for the first time.

user avatarLucas Weissmann

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.