The SEC has dropped its case against Australian Web3 gaming company Immutable after issuing a Wells Notice in October 2024.
This decision is part of a trend of dismissing crypto investigations following the change in administration, including cases against Ripple, Kraken, Coinbase, and others.
Co-founder Robbie Ferguson views this as a significant victory, enabling accelerated growth and bringing more global gamers into web3 platforms.
Immutable operates a layer 2 platform for building web3 games and is recognized as the fastest-growing web3 gaming ecosystem in 2024.