SEC Ends Investigation into Immutable

The US Securities and Exchange Commission (SEC) has ended its investigation into the Web3 gaming platform Immutable and will not pursue enforcement charges, as announced by the company on Tuesday.

Immutable, based in Australia, revealed it had received a Wells notice in November, indicating the SEC’s intention to pursue enforcement action. The investigation was believed to be related to the listing and private sales of its native IMX token in 2021.

Robbie Ferguson, Immutable’s co-founder and president, stated, “We are pleased the SEC has concluded its inquiry. This marks a significant milestone for the crypto industry and gaming as we advance toward a future with regulatory clarity.”