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Immutable Exonerated: SEC Drops Investigation Into Web3 Gaming Company

Bitcoinist LogoBitcoinist3d ago

Immutable Exonerated: SEC Drops Investigation Into Web3 Gaming Company - Bitcoinist

Quick Summary:

On Tuesday, crypto company Immutable announced that the US Securities and Exchange Commission (SEC) has officially closed its inquiry into the company and its associated parties.  This comes after the SEC previously issued a Wells notice, which signaled its intention to pursue legal action against Immutable for alleged violations of securities laws.

The Wells notice had broadly alleged violations of securities law and misrepresentations by Immutable, but the specifics were never detailed.

With clearer regulatory guidelines on the horizon, industry experts believe there will be a surge in investment and opportunities to tokenize the expansive $100 billion market for in-game purchases.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-26 @ 14:30:43 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 27354187

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 11 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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The story "Immutable Exonerated: SEC Drops Investigation Into Web3 Gaming Company" has 480 words across 36 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Immutable Exonerated: SEC Drops Investigation Into Web3 Gaming Company" was covered 3 days ago by Bitcoinist, a news publisher based in Hungary.

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Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 10 news stories per day.

It's most recent story was published 11 hours ago.

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  • News ID: #27354187
  • URL: https://chronographically.beamstart.com/news/immutable-exonerated-sec-drops-investigation-17429

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