Wu said that blockchain gaming company Immutable has issued an announcement stating that it has received a Wells notice from the U.S. Securities and Exchange Commission (SEC), which non-specifically accuses it of violating securities laws and making false statements. Through this action, the U.S. SEC continues to indiscriminately claim that tokens are securities. Although the notice does not specify, the company believes that its claims are aimed at the listing and private sale of IMX in 2021. Immutable said that the IMX token does not fall into the category of securities.