Editor's PiCK

US SEC Ends Investigation into Immutable (IMX)

Source
JH Kim

Summary

  • The US SEC has announced the conclusion of its investigation into Immutable.
  • The end of this investigation is interpreted as a positive signal within the cryptocurrency regulatory environment.
  • It was reported that the web3 gaming platform Immutable was investigated by the SEC this year regarding the sale of IMX tokens.

On the 25th (local time), according to the cryptocurrency-focused media outlet CoinDesk, the United States Securities and Exchange Commission (SEC) announced that it has concluded its investigation into the web3 gaming platform Immutable (IMX).

Previously, in October last year, the SEC had sent a Wells Notice (a notification requiring a preliminary explanation from potential lawsuit targets) to Immutable regarding the sale of IMX tokens.

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JH Kim

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