The US SEC has concluded its investigation into Immutable and found no misconduct

BlockBeats News: On March 26th, the Web3 gaming platform Immutable announced that the US Securities and Exchange Commission (SEC) has officially notified the company that its investigation into the company and related parties has ended. The investigation did not find any misconduct, and the SEC will not take any action. This ends the cycle of Wells notices issued by the SEC last year, indicating an ongoing investigation and intention to file a lawsuit. When notified by Wells last year, Immutable protested and claimed his innocence. The company stated that the SEC investigation is the latest manifestation of its "de facto regulatory policy through law enforcement," which targets leading companies in almost all categories of Web3. Immutable has joined the ranks of companies such as Coinbase, Consensus, Ripple, OpenSea, and Crypto.com, all of which are facing SEC enforcement escalation actions in the last two months before the US election. At the time, Immutable stated that the SEC continued to assert arbitrarily that tokens belong to securities. Although not specifically stated in the notice, Immutable believes that its allegations are aimed at the company's 2021 IMX token listing and private placement sales. Wells' notice is a signal that the SEC is considering filing a lawsuit against a certain company. We are pleased that the SEC has concluded its investigation. This is an important milestone for the cryptocurrency industry and gaming, and we are moving towards a future of clear regulation, "Immotable President Robbie Ferguson said in a statement. Immutable remains committed to realizing our vision of bringing digital ownership to 3.1 billion players worldwide; We can now move towards this goal without any obstacles