• 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

Gender Disparities in Startup Funding

chest

The 2025 Africa Investment Report reveals that less than 10% of startup funding went to companies with female founders, highlighting systemic barriers and hindering diversity and innovation.

user avatarDavid Robinson

Concentration of Funding in African Startups

chest

The 2025 Africa Investment Report highlights a troubling trend where less than 5% of deals surpassed $50 million, yet these large deals represented half of the total funding, creating disparities in the startup funding landscape.

user avatarArif Mukhtar

Funding Landscape for Early and Midstage Startups Remains Fragile

chest

The 2025 Africa Investment Report reveals that early and midstage startups are struggling to access necessary funding, with a fragmented financing landscape.

user avatarMaria Gutierrez

African Startups Raised $36 Billion in 2025

chest

In 2025, African startups raised a remarkable $36 billion, marking a 25% increase from the previous year.

user avatarAndrew Smith

Potential for CBDC Adoption in India

chest

Shaktikanta Das highlights the future potential of Central Bank Digital Currency (CBDC) in India.

user avatarAndrew Smith

Positive Economic Outlook During RBI Leadership Change

chest

Outgoing RBI Governor Shaktikanta Das emphasizes India's economic stability and resilience, supporting overseas investment.

user avatarZainab Kamara

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.