SEC closes investigation into web3 gaming platform immutable

The American Securities and Exchange committee has officially closed its investigation into the immutable Australian crypto company.

According to a statement Since the company on March 26, the regulator will not take any application measure against the unchanging (IMX), the IMX Ecosystem Foundation, or its CEO. This officially ends the question.

ImmuTable revealed for the first time in October that he had received an opinion from the dry well. This opinion meant that the agency was considering any accusations for having violated American securities laws. However, with the now close, immutable investigation said that this result validates its long -standing commitment to legal and regulatory compliance.

The company praised the decision of the SEC and noted that it was a step in the right direction for the web game sector3. Unchanging said that throughout the process, he remained attached to his goal and continued to develop products for players.

In the past year, he has signed a record number of games, launched an unchanging game and given more than a million new users registering for his passport system. After the announcement, IMX, the native token of immutable, is up 6% in the last 24 hours.

The DEC decision is part of a greater change in the way it addresses the application of cryptography. The agency has lowered its investigations into a number of cryptocurrency companies since the start of the year, including Opensea, Uniswap (UNITED), Robinhood and Gemini.

To provide clearer regulatory directives for digital assets, the SEC has trained a cryptographic working group under the direction of Commissioner Hester Peirce. Meanwhile, Ripple is also in the last stages of the rule of his longtime legal battle with the dry.

March 20, Crypto.News reported that the SEC had agreed to delete its call against Ripple without conditions. In another update on March 26, Ripple’s legal manager revealed that the company will not continue its counter-appeal. Ripple obtained a reduced fine, reducing the original penalty of $ 125 million to $ 50 million.