Immutable: SEC has concluded its investigation of the company, finding no wrongdoing

Web3 gaming platform Immutable announced that the Securities Exchange Commission (SEC) has formally notified the company that its investigation into the company and related parties is closed. The investigation found no wrongdoing and the SEC will not take any action, capping the SEC's Wells notice issued last year in response to an ongoing investigation and the intention to file a lawsuit.
Robbie Ferguson, president of Immutable, said in a statement: "We are pleased that the SEC has concluded its investigation. This is an important milestone for the crypto industry and gaming, and we are well on our way to a future of regulatory clarity. Immutable remains committed to our vision of bringing digital ownership to 3.10 billion players around the world; we can now move toward that goal without a hitch."