• 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

Demand for Dogecoin ETFs Shows Signs of Cooling

chest

The total value traded for Dogecoin ETFs has dropped significantly, indicating a decrease in demand.

user avatarDavid Robinson

Bitcoin Price Stagnation Linked to Major Buyer's Disappearance

chest

Bitcoin price stagnation is linked to the disappearance of a major buyer, causing reduced inflows into Bitcoin ETFs and downward pressure on prices.

user avatarAndrew Smith

Trump Discusses Global Tensions and Economic Strategies

chest

Donald Trump shares his views on global issues, including inflation, international conflict, and immigration policies.

user avatarJacob Williams

The Regulatory Landscape of Payday Loans

chest

A recent report analyzes state laws on payday loans, highlighting consumer protection differences and associated risks for borrowers in the United States.

user avatarSon Min-ho

Understanding the Risks of Payday Loans

chest

A report highlights the dangers and costs associated with payday loans, emphasizing the importance of understanding their structure before borrowing.

user avatarZainab Kamara

Zama to Launch Sealed-Bid Dutch Auction for Token Sale

chest

Zama is set to conduct a sealed-bid Dutch auction to sell 10% of its total token supply, utilizing fully homomorphic encryption to ensure confidentiality and fairness in the bidding process.

user avatarKofi Adjeman

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.