The SEC has issued a Wells notice to blockchain gaming platform Immutable in what has become a widespread crackdown on crypto companies ahead of the US election.
Immutable said in an Oct. 31 blog post that the move is the latest instance of the SEC’s “regulation-by-enforcement” policy targeting the crypto industry. It added that the watchdog issued the notice without prior discussions
According to Immutable, the SEC’s allegations, though vague, appear to focus on the 2021 listing and private sales of its native token IMX. The network contends that the IMX token does not meet the criteria of a security and that the regulator’s actions bypass meaningful dialogue.
Immutable said:
“To manufacture a case on a listing that occurred in 2021, with practically no direct communication with the company, is precisely the reason the industry is so skeptical of any attempts from this SEC to argue it is attempting to provide clarity.”
Immutable’s statement indicated that the SEC’s
We współpracy z: https://cryptoslate.com/sec-crackdown-continues-with-immutable-latest-to-receive-wells-notice/
