Australian Web3 Platform Immutable Receives Wells Notice from US SEC
- Australian web3 gaming pioneer, Immutable, has received a Wells notice from the US SEC alleging non-specific breaches of US securities law.
- Immutable claims the Wells notice was intentionally issued just before the US election, suggesting the SEC has sought to issue many such notices to other crypto firms prior to the election.
- The company said it would fight any legal action and has called for the SEC to take a new approach to its regulation of the crypto industry.
Stone the flamin’ crows! The long arm of SEC enforcement has reached down under!
Aussie web3 gaming pioneer, Immutable, is the latest in a long line of crypto companies to be slapped with a Wells notice by the US Securities and Exchange…
