The US SEC has issued a Wells Notice to Immutable regarding its IMX token, as part of its ongoing regulation through enforcement tactics.
The blockchain protocol Immutable, which is intended for the next iteration of Web3 games, has announced that it has received a Wells Notice from the US Securities and Exchange Commission (SEC).
In a recent update, the startup disclosed this information, which serves as evidence of the markets regulator’s enforcement tactics.
Immutable Is Up next on US SEC list
After a year-long assault on the digital currency ecosystem, it is reasonable to anticipate that the US SEC will reduce its pace in anticipation of the elections. Nevertheless, the blockchain startup disclosed in its announcement that the regulator asserts that it may have violated Federal Securities laws in relation to its native token, IMX.
The expressed frustration with the Wells Notice and underscored its readiness to advocate for its rights if necessary. Additionally, in August, OpenSea received a Wells Notice from the markets regulator.
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