• 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

Nasdaq Aims for SEC Approval of Tokenized Stocks

chest

The US Nasdaq stock exchange is prioritizing SEC approval for its proposal to offer tokenized versions of stocks, aiming to responsibly bring tokenization into the mainstream.

user avatarDiego Alvarez

Elizabeth Warren Accuses Trump of Corruption Involving Meme Coins

chest

Senator Elizabeth Warren labels Donald Trump as the most corrupt President, citing his ties to meme coins and wealthy elites.

user avatarKenji Takahashi

Traditional Finance Pivots: Major Financial Group Commits 100M to Blockchain Infrastructure

chest

London Stock Exchange Group commits 100 million to blockchain infrastructure for tokenization and asset issuance.

user avatarMaria Fernandez

Institutional Pressure: Crypto Treasury and High-Risk Firms Under Fire

chest

Firms holding large crypto treasuries and those with high leverage are facing significant share price pressure and valuation hits as market risk appetite declines.

user avatarGustavo Mendoza

Challenges in Onchain Data Quality and Interoperability

chest

The panel addressed the challenges facing onchain data, including quality, privacy, and interoperability issues.

user avatarMiguel Rodriguez

Transforming Raw Behavior into Credit with Credit Link

chest

Credit Link is redefining trust by transforming onchain behavior into dynamic credit scores for users.

user avatarRajesh Kumar

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.