Web3 gaming platform Immutable has announced that the U.S. Securities and Exchange Commission (SEC) has formally notified the company that its investigation into the company and related parties has concluded. The investigation found no wrongdoing and the SEC will not take any action, which brings to an end the Wells Notice issued by the SEC last year regarding an ongoing investigation and intended litigation.
"We are pleased that the SEC has concluded its investigation," said Robbie Ferguson, president of Immutable, in a statement. "This is an important milestone for the crypto industry and gaming as we move toward a future of regulatory clarity. Immutable remains committed to our vision of bringing digital ownership to 3.1 billion gamers around the world; we can now move toward this goal without any obstacles."