Breaking: Immutable Receives Wells Notice From US SEC

Quick Summary:

Immutable, the blockchain protocol designed for the next-generation of Web3 games said it has received a Wells Notice from the US Securities and Exchange Commission (SEC).

The startup unveiled this in a recent update, a proof of the regulation by enforcement tactics of the markets regulator.

Hence, its decision to sue the SEC was aimed at adding its voice to the many crypto firms pushing back against overreach by a federal agency acting beyond its authorized powers.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: India

Topics: Immutable X (IMX) 24/7 Cryptocurrency News US SEC

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 21:57:19 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 390 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23356160

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 25 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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