The United States of the United States has terminated the investigation against Immutable, the SECRETS and Stock Exchange Commission (SEC), the Web3 game platform and the Immutable behind the Altcoin Imx, and announced that the platform would not face any sanctions. Immutable, in his announcement on Tuesday, said SEC had closed the investigation.
Immutable had received Wells notification
Immutable -based Australia, in November, announced that it received a Wells notification from the SEC. This notification is an official warning that informs that the SEC is intending to initiate a sanction action. The company predicted that the investigation could be related to the IMX Token listing and private sales in 2021. “We are pleased to end the investigation of SEC. This means a major turning point for the crypto industry and the gaming industry and indicates a decrease in uncertainty.” He said.
Ferguson also stated that clear arrangements from the US government will make a big difference in the sector and said, “With an open regulatory framework, we plan to accelerate our goal of bringing digital ownership to 3.1 billion players around the world.” he said. “We do not comment on the existence or absence of a potential investigation.” in the form of an answer.
Altcoin price rose
Meanwhile, the price of the IMX rose from $ 0.73 to $ 0.73 following its developments. During the writing, it changes hands from $ 0.67 with a 8 percent rise.
SEC reduces crypto money cases
The termination of the investigation against Immutable is interpreted as an indication of a significant change in the policies of SEC’s policies on crypto currency regulations. Instead of the former SEC President Gary Gensler’s “Organizing by Sanction” approach, it is observed that a more constructive strategy has been adopted under the leadership of the new trading president Mark Uyeda. In this context, a new crypto task force was created under the leadership of Hester Peirce, a commission member known as crypto -friendly, and round table meetings with sector stakeholders began to be held.
In the last three months, with the arrival of US President Donald Trump, there has been a major transformation in crypto currency regulations. In this process, Gemini, Robinhood, OpenSEA, Yuga Labs and Immutable investigations initiated by SEC were terminated without sanction problems. In addition, Kraken, Coinbase, Consensys, Ripple and Cumberland DrW against companies such as the captains with withdrawal. The ongoing cases against Tron and Binance were suspended.
However, all the companies that SEC send a Wells notification are not exempted from investigations. For example, Unicoin is still waiting for SEC’s final decision. SEC said that the company could be sanctioned due to unregistered securities sales and fraudsters. In addition, Crypto.com, who received Wells notification from SEC last year, filed a lawsuit against the Authority and former president Gensler, but later withdrew the case. This development continues the uncertainties about how the regulatory environment in the crypto currency sector will be shaped in the future.
