The Web3 IMMUTABLE platform says that the US Securities and Stock Exchange Committee closed its investigation into the company, which led to the introduction of any other procedure.
The company behind Ethereum Layer-2 IMMUTALEX-in a statement on March 25 that the Supreme Education Council closed its inquiry in the company without finding violations and “the episode closes the notification of Wales issued by the Securities and Stock Exchange last year.”
In November, IMMUTABLE said it had received a notification from the organizer – a message that knows that the Securities and Stock Exchange Commission is considering an enforcement procedure, and it is usually sent after it got rid of the existence of evidence of potential securities law violations.
“We are pleased that SEC has concluded its investigation. This represents an important milestone for the encryption and games industry with our progress towards a future organizational clarity,” said President and co -founder Ferguson in a statement.
A non -changing spokesman for Cointelegraph said that SEC sent a termination letter that did not explain the reason for its conclusion. The spokesperson said that the message was unlimited and that the SEC review of non -changeable information had sent “it seems that it led to the closure of the investigation.”
IMMUTABLE at a November Blog Publication said she believed that SEC was targeting “Special Instruction and Sales” for 2021 for her non -autonomous code (IMX).
Post IMMUTABLE's X after receiving the Wales notice in November 2024. Source: fixed
The company said that it had a 10 -minute call with SEC after it had issued the notice as it claimed a publication for 2021 changing blogs, as it showed a pre -investing in the distinctive symbol in IMX at $ 0.10, which was issued with “$ 10: 100: 1”, there was no exchange between the parties between the parties.
At that time, Immutable said she is “confident in her position” and will fight the regulator claims.
The Supreme Education Council has dropped many suspended measures and progress against encryption companies during President Donald Trump, whose administration has nullified the agency to fulfill its promise to reduce the encryption industry from organizational work.
Last month, SEC stopped its investigations into the non -operative Opensea, the Robinhood trading platform, the developer of the Exchange EXCHANGE UnSWAP LABS and the Crypto Exchang Gemini.
Related to: Will the new SEC bases in the United States bring the beach encryption companies?
The organizer also dropped a set of prominent lawsuits against encryption companies, including those against Ripple Labs, Coinbase and Kraken.
Although the Supreme Education Council is underestimated by the Rosen Lawyer in Manhattan quote Wales's notification in an attempt to file a lawsuit from making stocks against the company for its IMX's symbolic offers, which IMMUTABLE spokesman said it was “not worried.”
In her statement, IMMUTABLE said that the Triple Triple AAA game “previously cited legal dangers and compliance as the main barriers for entry” in the WEB3 games.
“However, with a clear organizational framework on the horizon, this is expected to open more investment and opportunities to repeat the market now more than $ 100 billion to buy within the game,” he added.
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