The US Securities and Exchange Commission (SEC) has dropped its survey of Web3 Gaming Platform unchanging and will not submit fees for enforcement, according to a Tuesday announcement from the company.
Immutable, an Australian company, revealed that it had received a Wells message-in the essentials of an official heads-up from SEC that it intends to submit a enforcement action against the recipient in November. At that time, the company speculated that SEC’s study was tied to its listing and private sale of its original IMX Token back in 2021.
“We are pleased that SEC has completed its investigation,” Robbie Ferguson, unchanging co -founder and president, said in a statement. “This marks a significant milestone for the crypto
Industry and games as we move on to a future of legislative clarity. “
Ferguson added that the company was “excited” over the evolving legislative clarity that came from the US government and said that “with a clear legislative framework we plan to accelerate our ambitions to bring digital ownership to the 3.1 billion players in the world.”
SEC refused to comment and told Coindesk that the agency “does not comment on existence or not -existence of a possible study.”
SEC’s decision to end its investigation of unchanging is the latest in a series of closed probes and fallen litigation as the Agency continues its retreat to the full scale of former President Gary Gensl’s so -called “regulation after enforcement” approach to the crypto industry. Under the direction of acting chairman Mark Uyeda, SEC has signaled a total revision in its crypto-control strategy, creating a crypto task force speared by crypto-related commissioner horse peirce and started a series of roundtable discussions with industry players.
In the smaller than three-month span, since US President Donald Trump joined the catalysis of a legislative marine change for the crypto industry-SEC’s investigations of Crypto Exchange Gemini, trading platform Robinhood, non-stormy token (NFT) Marketplace Opens, NFT Company Yuga Labs, and now, ImmuTeable, without dropping, without drop, any indication of charges. The agency’s lawsuits against cryptic businesses, including Kraken, Coinbase, Consensys, Ripple Andcumberland DRW, have also been dropped. More and more litigation, including SEC’s cases against Tron and Binance, have been a break.
However, not everyone who has received a Wells message is from SEC’s Krog yet. Crypto issuer Unicoin received a Wells message last year in which he informed the company that SEC was planning to bring charges of violation of fraud, misleading practice and offers and sales of unregistered securities.
A spokesperson for Unicoin told Coindesk that the company “remains in the last stages of the SEC review process.”
“From now on, we have not received any new updates or formal feedback from SEC about our registration,” the spokesman added. “We are fully obliged to comply and transparency, and we continue to work to ensure the necessary approvals for our planned offers.”
Crypto.com also received a Wells message from SEC last year, after which the defendant agency and then chairman Gensler, who accused the regulator of “illegally expanding his jurisdiction.” The case was later dropped. Crypto.com has not publicly commented on the status of SEC’s study and did not respond to Coindesk’s request for comment.