Close Menu
Cryprovideos
    What's Hot

    Bitcoin Reclaims $115,000 as US–China Commerce Hopes Carry Markets – Decrypt

    October 27, 2025

    Javier Milei’s crypto-friendly social gathering wins Argentine midterm

    October 27, 2025

    Bitcoin (BTC) Value Information: Costs Transfer Above 50-day Common. What Subsequent?

    October 27, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Markets»IMX Dumps by Double Digits as SEC Sends Wells Notice to Immutable
    IMX Dumps by Double Digits as SEC Sends Wells Notice to Immutable
    Markets

    IMX Dumps by Double Digits as SEC Sends Wells Notice to Immutable

    By Chayanika DekaNovember 1, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    IMX Dumps by Double Digits as SEC Sends Wells Notice to Immutable

    The US Securities and Exchange Commission (SEC) has issued a “Wells Notice” to Immutable, a blockchain gaming platform. It joins a list of prominent Web3 companies targeted by the agency’s regulation-by-enforcement approach.

    Following the news, the price of IMX token declined by more than 14% in the last 24 hours, falling below $1.40.

    Abrupt Wells Notice to Immutable

    In a blog post on November 1st, Immutable expressed frustration over receiving a Wells Notice from the SEC, which, according to the platform, “non-specifically” alleges securities law violations and possible misrepresentations.

    Typically, the SEC engages in several months of discussions with a company before issuing a Wells Notice, allowing for detailed exchanges and a clearer understanding of the situation. However, in the case of Immutable, this standard process was skipped entirely.

    Immutable reported that in its first interaction with the SEC, the company was informed it would receive a Wells Notice within the week. However, it arrived within hours and lacked the in-depth explanation typically expected in such cases. Immutable claimed that the notice offered only minimal detail, with fewer than 20 words explaining the allegations, which the platform speculates could be regarding its IMX token listing from 2021.

    This abrupt action was taken with almost no direct communication or context, which led Immutable to question the SEC’s intentions, especially given the timing near the US election. It is important to note that this notice often precedes formal enforcement action.

    “Despite the SEC indiscriminately claiming that tokens across the industry are securities, we are confident the IMX token is not. If the manner of providing clarity to the industry is by winning against this attempted regulation by enforcement, then Immutable is happy to do so.”

    Immutable Prepared to Fight Back

    The latest development places Immutable alongside industry giants like Coinbase, Consensys, Ripple, OpenSea, Uniswap Labs, Bittrex, and Crypto.com, which have received a Wells Notice from the securities regulator. Several players have pushed back, arguing against the regulator.

    Immutable also asserted that it remains well capitalized with a large war chest to build for the future of gaming and would fight back if needed.

    SPECIAL OFFER (Sponsored)

    Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

    LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    OpenAI Expands AI Capabilities with Acquisition of Sky Developer

    October 27, 2025

    Main Iranian non-public financial institution goes bankrupt, roiling 42M clients

    October 27, 2025

    Why the World’s Central Banks Are Selecting Gold Over the Greenback

    October 27, 2025

    Dogecoin Worth Prediction – Is DOGE Poised for a Large Run to $0.80 within the Coming Weeks?

    October 27, 2025
    Latest Posts

    Bitcoin Reclaims $115,000 as US–China Commerce Hopes Carry Markets – Decrypt

    October 27, 2025

    Bitcoin (BTC) Value Information: Costs Transfer Above 50-day Common. What Subsequent?

    October 27, 2025

    Bitcoin Breaks $115,000 as Quick Liquidations Surge – Bitbo

    October 27, 2025

    Bitcoin Accelerates Increased As Bulls Goal Break Above $115,500 Resistance

    October 27, 2025

    Bitplanet begins day by day Bitcoin accumulation with 93 BTC buy, targets 10k BTC treasury

    October 27, 2025

    Korean Public Firm Bitplanet Kicks Off Treasury Plan, Buys Bitcoin as Market Rebounds – Decrypt

    October 27, 2025

    Asia Morning Briefing: Bitcoin Holds Above $114K as Whales Take in Provide and Shorts Rebalance

    October 27, 2025

    XRP Reversal Sends Worth In the direction of $1, DOGE Treasury to Go Public, Bitcoin Beats Gold, Binance’s CZ Pardoned — Prime Weekly Crypto Information – U.In the present day

    October 27, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Kraken Explores Extra Token Listings Amid Trump-Pushed Crypto Optimism

    November 23, 2024

    Binance CEO Redefines Bitcoin in Simply 3 Phrases – U.Right this moment

    September 16, 2025

    Greatest Crypto To Purchase Now As Zcash Spikes 76% Within the Final 24h

    October 3, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.