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Is Web3 Gaming the SEC’s Next Target? Immutable Receives Wells Notice
- The SEC filed a Wells Notice against Immutable, signaling a possible lawsuit over IMX sales in 2021.
- Immutable claims aggressive enforcement threats and high legal costs hinder compliance efforts.
- IMX token dropped 8.76% after the SEC’s warning, with trading volume spiking 140%.
- Immutable is ready to participate in upcoming legal proceedings.
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