PANews reported on March 26 that according to VentureBeat, Immutable announced that the U.S. Securities and Exchange Commission (SEC) has officially terminated its investigation into it and related parties, found no violations, and will not take further action. This marks the official closure of last year's Wells notice (a preview of possible litigation). Robbie Ferguson, president of Immutable, said that this move brings regulatory clarity to the Web3 gaming industry and is expected to drive more institutional investment, especially in the in-game purchase market worth more than $200 billion, which will unlock huge opportunities.
US SEC terminates investigation into Immutable and related parties, finding no violations
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