IMX price surges as SEC drops investigation into Immutable

2025-3-26 23:43

Immutable (IMX) price soared, trading above $0.72 at the time of writing with 16% gains in 24 hours. The token surged amid regulatory related news. According to Immutable, the US Securities and Exchange Commission has dropped its investigation into the web3 gaming platform.

The US Securities and Exchange Commission has ended its investigation into Immutable, the company building web3 games on Ethereum.

Immutable announced the SEC’s move on Tuesday, noting that the regulator had dropped the probe without any conditions. The news saw the price of Immutable’s native token IMX surge sharply, with the token trading above $0.72. Its 24-hour gains at the time of writing was more than 16%.

SEC ends Immutable probe

According to an announcement Immutable posted on X on Tuesday, SEC has informed the crypto company that the regulator has dropped an investigation related to its native token IMX.

In November 2024, Immutable revealed it had received a Wells Notice from the US securities watchdog. Like in other instances, the notice is the regulator’s way of saying a company is in its crosshairs in terms of potential violations of the securities laws.

The regulator issues such notices when investigating recipients for various reasons, including alleged illegal offer and sale of securities. Wells Notices alert the targeted entity that the agency is looking at an enforcement action,

Immutable received this notice last year.

“That inquiry is now officially closed, with zero findings of wrongdoing, and the SEC is taking no action. This is a huge win – not just for web3 gaming, but everyone who believes in digital ownership rights,” the web3 gaming company posted on X.

Immutable is the latest crypto platform or company to get notified that the SEC is dropping its investigation. Over the past several weeks, the regulator has ended multiple crypto enforcement actions and investigations.

These include the closing of probes against Robinhood, OpenSea, and Yuga Labs, as well as voluntary withdrawal of cases against Coinbase, Kraken, Consensys and Ripple. On Tuesday, Ripple announced it was withdrawing its own cross-appeal in the SEC case.

All these developments have followed the election of President Donald Trump and the exit of former SEC Chair Gary Gensler, who resigned and left on January 20, 2025.

A pro-crypto environment under Trump and new SEC leadership is helping flip the approach that negatively impacted the industry.

The post IMX price surges as SEC drops investigation into Immutable appeared first on CoinJournal.

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immutable imx investigation price securities according regulatory

Источник: coinjournal.net

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Immutable (IMX) extends weekly gains as L2 networks see renewed optimism

The crypto market traded in the green today as Bitcoin’s steady above $60.5K triggered bullishness in the altcoin space. While the top ten digital tokens by market capitalization gained up to 3% on their daily charts, magnified investor sentiment propelled Immutable (IMX) surges by 10% over the past 24 hours. Meanwhile, IMX has extended its […]

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Eldarune secures 50,000 IMX grant from Immutable as part of a new strategic collaboration

Eldarune just announced a strategic collaboration with Immutable that will see it receive a grant of 50,000 IMX tokens from the Web3 games development platform as well. Details of Eldarune-Immutable partnership The milestone-based grant from Immutable is exclusive to Heroes of Eldarune – a flagship trading card game (TCG) of the Web3 game studio. Immutable […]

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Cardano (ADA) Gears Up for Growth with Cardano Foundation’s Development Plan – Pullix (PLX) Poised for Strong Growth Upon Launch While Immutable X (IMX) Sees Unanticipated Price Surge

The Cardano Foundation is a not-for-profit Swiss organization that is dedicated to enhancing the digital infrastructure and public value of Cardano. It recently released a new report containing specific areas they would be working on henceforth.

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Глобальный криптоиндекс HKVAC добавляет SOL вместо XRP

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Immutable X Cements Position With 32% Rally – How Far Is IMX Heading?

Celebrated as the paramount force in the realm of Web3 gaming, Immutable X (IMX) has emerged as the go-to blockchain, steering the course for NFTs and in-game transactions. This blockchain powerhouse has solidified its position as the industry leader, particularly renowned for its association with blockbuster titles such as Gods Unchained and Guild of Guardians.

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