SEC Closes Investigation into Web3 Gaming Platform Immutable Over IMX Token, No Charges Filed

The U.S. Securities and Exchange Commission (SEC) has officially concluded its investigation into Immutable, an Australian Web3 gaming platform, and will not pursue any enforcement actions. This decision marks the end of a year-long inquiry that began after Immutable received a Wells notice in November 2021 concerning the listing and private sales of its IMX token. The closure of the investigation has been welcomed as a positive development for the Web3 gaming sector, signaling a potential easing of regulatory pressures on digital ownership rights.
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