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SEC Drops Case Against Australian Web3 Company Immutable

  • 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.

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