SEC Drops Hammer, Not on Immutable, But on Our Expectations of Justice

“SEC Drops Hammer, Not on Immutable, But on Our Expectations of Justice”

Well, this is a surprise. The US Securities and Exchange Commission (SEC) has decided to drop its investigation into gaming protocol Immutable. Because, you know, they were just messing with us. The platform revealed in a post on X that the market regulator will take no further action, ending its legal challenges in the United States. 🙄

Immutable and the US SEC

Based on the update shared on its X page, Immutable recalled the Wells Notice sent to it by the markets regulator in October of last year. As reported by CoinGape at the time, the markets regulator said the firm might have violated Federal Securities laws regarding its native token IMX. But, as we all know, “might have” is just a fancy way of saying “we’re not entirely sure, but we’ll just throw some shade their way.”

While Immutable has always denied any wrongdoing, the closure of the probe justified its position. As noted on X, the SEC made zero findings of wrongdoing and is taking no further action. The gaming network called the trend a huge win beyond stakeholders in the Web3 gaming niche. And by “huge win,” they mean they get to keep their money and not have to deal with a bunch of bureaucratic nonsense.

This US SEC action comes after the regulator closed all related Uniswap cases as part of its new shift. You know, the one where they just decide to drop all the cases and pretend like nothing ever happened. It’s like they’re trying to make up for all the times they got it wrong.

This is a developing story, please check back for updates!!! Or, you know, just go ahead and forget about it. We won’t judge you.

2025-03-25 23:08

Immutable and the US SEC

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