The United States Securities and Exchange Commission (SEC) has officially closed another investigation related to the cryptocurrency field, this time targeting the Australian blockchain company Immutable.
Immutable previously received a Wells Notice from the SEC in October, concerning the company, the IMX Ecosystem Fund, and Immutable's CEO. A Wells Notice typically signals that the SEC may be preparing to file a lawsuit.
However, on March 19, Immutable confirmed that the investigation had been terminated.
"The SEC's decision is a victory for all those building, creating, and developing the digital ownership space in the gaming industry," Immutable stated.
"This confirms our long-term commitment to regulatory compliance."
The SEC has not yet commented on this decision.
A New Trend in Cryptocurrency Oversight in the United States?
After former SEC Chairman Gary Gensler left office in January, the SEC seems to be adjusting its approach to cryptocurrency. Previously, Gensler emphasized that most cryptocurrencies are securities and required trading platforms to register. He also actively pursued lawsuits against exchanges, Non-Fungible Tokens, and other blockchain projects.
However, since the beginning of 2025, the SEC has consistently withdrawn numerous investigations and lawsuits, including cases involving Kraken, Coinbase, Gemini, MetaMask, OpenSea, Robinhood, and Uniswap. Additionally, the SEC has established a cryptocurrency task force led by Commissioner Hester Peirce to clarify the application of securities laws in the blockchain industry.
Immutable expressed support for the SEC's new direction in establishing a more transparent legal framework for digital assets.
"Constructive regulations will provide certainty for developers and promote the innovative potential of blockchain technology," Immutable emphasized.
