crypto.news
2025-03-26 03:20:18

SEC ends investigation into Immutable with no enforcement action taken

The U.S. Securities and Exchange Commission has officially closed its investigation into Australlian crypto-gaming firm Immutable. According to a statement from the company on Mar. 26, the regulator will not take any enforcement action against Immutable ( IMX ), the IMX Ecosystem Foundation, or its chief executive officer. This officially puts an end to the matter. Immutable first revealed in October that it had received a Wells notice from the SEC. This notice meant the agency was considering possible charges for violating U.S. securities laws. However, with the investigation now closed, Immutable says this outcome validates its long-standing commitment to legal and regulatory compliance. The company welcomed the SEC’s ruling and noted that it was a step in the right direction for the web3 gaming sector. Immutable claimed that throughout the process, it stayed committed to its goal and kept developing products for gamers. Over the past year, it has signed a record number of games, launched Immutable Play, and saw more than a million new users sign up for its Passport system. Following the announcement, IMX, Immutable’s native token, is up 6% in the past 24 hours. You might also like: Immutable co-founder: Several billion-dollar gaming firms are exploring token launches The SEC’s decision is part of a larger shift in how it approaches crypto enforcement. The agency has dropped its investigations into a number of cryptocurrency companies since the beginning of the year, including OpenSea, Uniswap ( UNI ), Robinhood, and Gemini. To provide clearer regulatory guidelines for digital assets, the SEC has formed a crypto task force under the direction of Commissioner Hester Peirce. Meanwhile, Ripple is also in the final stages of settling its long-standing legal battle with the SEC. On Mar. 20, crypto.news reported that the SEC had agreed to drop its appeal against Ripple without conditions. In another update on Mar. 26, Ripple’s legal officer revealed that the company will not pursue its counter-appeal. Ripple secured a reduced fine, cutting the original $125 million penalty to $50 million. Read more: WLFI confirms launch of USD1 stablecoin backed by U.S. treasuries

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约