ImmuTable announced that the Securities and Exchange Commission informed the company that it officially closed its investigation into the company and the related parties.
There was no conclusion of reprehensible acts and the dry takes no measure. This closes the loop of the advice of Wells (of an in progress in progress with the intention of continuing) issued by the dry last year.
The notification complies with the measures taken by the Trump administration to dismantle the regulations set up by the Biden administration to protect the public from cryptocurrency scams and prevent another Ponzi regime on the order of the FTX debacle. The Wells note that the non -specifically alleged violations of the securities law and the false alleged statements of the company.
When Wells’ advice was sent last year, Immutable protest And argued that he was innocent of any reprehensible act. He said that the SEC survey was the “last of their de facto-via-application regulatory policy” which targeted the main companies in almost all web3 categories. Immutable had joined Coinbase, Consensys, Ripple, Opensea, Crypto.com and others which have all been faced with dry climbing, many of which in the past two months before the US elections.
At the time, immutable said that the SEC continued to assert without discrimination that tokens were titles. Although it was not specified in the opinion, immutable thought that his complaints were aimed at registration and private sales of the company’s IMX token in 2021. A well notice is an indication of the dry that it plans to bring a prosecution against a company.
“We are delighted that the SEC has concluded its investigation. This marks an important step for the crypto
Industry and games while we are progressing towards a future with regulatory clarity, “said Robbie Ferguson,
President of the immutable, in a press release. “Immutable continues to build towards our vision of bringing
Digital property with 3.1 billion players around the world; We can now build without incident towards
that.”
Regulatory clarity should be a major unlocking for investment in the web game3, an industry that has already attracted more than $ 12 billion in venture capital funding since 2020.
The studios previously cited legal and compliance risks such as key obstacles to market entry.
However, with a clear regulatory framework on the horizon, this should unlock other investments
And tokenize opportunities on the market now more than $ 100 billion for purchasing at stake. For players, immutable has declared that this means the real digital property of articles at stake, with the freedom to exchange them, sell them or transfer them to platforms and ecosystems.
In a message to Gamesbeat, Ferguson said: “It’s a great time for the web game3. With the operational general costs of a raised, unchanging well -raised notice can continue to build to make the web3 games accessible to the masses with the best game portfolio and the market channel.”
Immutable backstory
Immutable has paved the way in web 3 games, integrating more than 500 blockchain games on its platform. Ferguson launched the company in 2018, long before the enthusiasm of web games.
During the Boom of non -buttocks (NFT), the company arrived on my radar in March 2021, at the start of the web play arrow, when immutable made offers. Ferguson explained to me how web3 game transactions could be carried out in a secure, fast and low cost manner.
He also raised $ 300 million from global investors, including Temasek, Tencent, Bitkraft, King River Capital and Galaxy Digital. Its goal is to make it sure and easy for players to play web games. The company said that its game platform, which includes the immutable ZKEVM solution using zero knowledge evidence, allows game studios and independent developers to build and launch games with Ethereum safely and confidently on Ethereum without sacrificing the players’ experience. This high -level profile has finally transformed immutable into a target for regulators.
Asked what it means to be immutable, Ferguson said in a press release: “This now allows the immutable to fully capitalize on the enormous opportunity before it. The clarity of regularity is established to be a major release for investment in the web game3, an industry that has already attracted more than $ 12 billion in venture capital funding since 2020. ”
He added: “The main triple-A game studios have already cited legal and compliance risks such as key obstacles to the market. Even with this immutable backdrop, immutable has integrated three billion dollars into $ 1 billion and more playing companies. Now with a clear regulatory framework on the horizon, it expects to catalyze more than 200 billion tickets for triple game purchases.
And he said: “ImmuTable is also ready to take advantage of the increase in institutional capital in the digital asset markets. Like the highest value game token on the market, other institutional opportunities, including IMX included in an ETF, are now more likely.”
