According to reports by Wu, the blockchain gaming company Immutable announced that it has received a Wells notice from the U.S. Securities and Exchange Commission (SEC), which vaguely 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 statements are aimed at the listing and private sale of IMX in 2021.

Immutable stated that the IMX token does not fall into the category of securities.