Catenaa, Thursday, March 27, 2025-The US Securities and Exchange Commission (SEC) has dropped its investigation into Australian crypto firm Immutable, marking another shift in the agency’s evolving approach to digital assets.
Immutable, which received a Wells Notice last October, announced Tuesday that the SEC had ended its probe into the company, the IMX Ecosystem Foundation, and its CEO. A Wells Notice typically indicates potential enforcement action.
“The SEC’s decision to end its investigation is a win for all builders, creators and gamers fighting for true digital ownership in gaming,” Immutable said in a statement, emphasizing its commitment to legal and regulatory compliance.
The SEC has however reportedly declined to comment. The decision comes as the agency moves away from aggressive crypto enforcement following former Chair Gary Gensler’s departure in January. Under Gensler, the SEC maintained that most cryptocurrencies were securities, pursuing cases against major exchanges and NFT platforms.
Since January, the SEC has dropped several high-profile investigations, including those involving Kraken, Coinbase, Gemini, MetaMask, OpenSea, Robinhood, and UniSwap. It has also established a crypto task force led by Commissioner Hester Peirce to clarify digital asset regulations.
Immutable said it welcomed efforts to create a clear regulatory framework. “Constructive regulation provides certainty for builders and helps foster the innovative potential of blockchain technology,” the company stated.
