“The Australian Crypto Company Disclosed It Had Received A Wells Notice from the US Sec Last November.”, – WRITE: www.coindesk.com
Immutable, an australian Company, Disclosyd It Had Received A Wells Notice-Essentially An Official Heads-Up From The Sec that It Intends to File Annifercent Aer Against Against Against Against Against Against Againstuststustustst. At the Time, the FIRM SPECULATED THAT The Sec’s Investigation Was Tied to It Listing and Private Sales of It Native Imx Token Back in 2021.
“We are pleaded the Sec Has Concluded It Inquiry,” Said Robbie Ferguson, Immutable’s Co-Funder and President, in A Statement. “This Marks A Significant Milestone for the Crypto
Industry and Gaming as We Advance Towards A Future with Regulatory Clarity. ”
Ferguson Added That Firm Was “Thrilled” at the Developing Regulatory Clarity Coming from the Us Government, and SAID THAT “WITH A CLEAR REGulator Framework to the 3.1 Billion Gamers in the World. ”
The Sec Declined to Comment, Telling Coindesk That Agency “Does Not Comment on the Existence or Nonexisten of A Possible Investigation.”
The Sec’s Decision to End Its Investigation Into Immutable Is The Latest in A String of Closed Probes and Droped Litigation As The Agency Continutes Its Full-Scale. By Enforcement ”Approach to the Crypto Industry. Under The Leadership of Acting Chair Mark Uyeda, The Sec Has Signrated A Total Overhaul In Its Crypto Regulation Strategy, Setting Up A Crypto Task Force Spearheaded by Crypto. Starting A Series of Roundtable Discussions with Industry Players.
In the less-man-three-month span since US President Donald Trump Took Office-Catalyzing A Regulatory Sea Change for the Crypto Industry Non-Fungible Token (NFT) Marketplace Opensea, Nft Company Yuga Labs, and Now, Immutable, Have All Been Droped, With No Enforcement Charges File. The Agency’s Litigation Against Crypto Companies Including Kraken, Coinbase, Consensys, Ripple andCumberland Drw Have Also Been Droped. Still More Litigation, Including the Sec’s Cases Against Tron and Binance, Have Been Paused.
However, Not Everyone Who Received A Wells Notice Is Off The Sec’s Hook Yet. Crypto Issuer Unicoin Received A Wells Notice Last Year Information The Firm that the Sec Planned to Bring Charges Alleging Violations Related to Fraud, Decepive Procedes And The Sale.
A SpokesPerson for Unicoin Told Coindesk that Firm “Remains in the Final Stages of the Sec Review Process.”
“As of Now, We Have Not Received Any New Updates or Formal Feedback from the Sec Regarding Our Registration,“ The Spokesperson Added. “We Are Fully Committed To Compliance and Transparency, and We Continue to Work Toward Securing the Necessary Approvals for Our Planed Offers.”
Crypto.com Also Received A Wells Notice from the Sec Last Year, After Wich It Sused the Agency and Ten-Cheir Gensler, Acusion The Regulator of “Unlawfully Expanding. The Suit Was Later Droped. Crypto.com has not publicly commented on the status of the Sec’s Investigation, and Did Not Respond to Coindesk’s Request for Comment.
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