According to WuSay, blockchain gaming company Immutable announced that it had received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), which non-specifically accused it of violating securities laws and making false statements.
With this action, the SEC continues to indiscriminately claim that tokens are securities. While not specifically stated in the notice, the company believes its claims target IMX’s 2021 listing and private sale.
Immutable said IMX tokens do not qualify as securities.
