Foresight News reports, according to Decrypt, that the blockchain gaming company Immutable has issued a statement indicating that it has received a Wells notice from the U.S. Securities and Exchange Commission (SEC). In addition, the SEC also sent a letter to the company's CEO James Ferguson and the Digital Worlds Foundation, which helped issue the IMX token, detailing the company's alleged violations of securities laws. Among them, it non-specifically accused the company of violating securities laws and making false statements.
Immutable spokesperson stated, "Although the SEC indiscriminately claims that all tokens in the industry are securities, we are confident that the IMX token is not a security. This notice only cites legal provisions, and the meaningful details contained are limited."
