Immutable: The SEC Wells Notice has been received, but IMX tokens are not securities

2024-11-01 08:43:53

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ChainCatcher news, according to Decrypt, the blockchain gaming company Immutable has issued a statement indicating that it has received a Wells notice from the U.S. Securities and Exchange Commission (SEC). Additionally, the SEC sent a letter to the company's CEO James Ferguson and the Digital Worlds Foundation, which helped issue the IMX token, detailing the company's alleged violations of securities laws. The allegations specifically point to violations of securities laws and potential false statements.

An Immutable spokesperson stated, "Although the SEC indiscriminately claims that tokens across the entire industry are securities, we are confident that the IMX token is not a security. The notice merely cites legal provisions and contains limited meaningful details."

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