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Unchangeable announced that the Securities and Exchange Commission announced the company that it officially concludes its investigation into the company and related parties.
There was no knowledge of misconduct and the SEC took no measures. This closes the loop of the Wells announcement (an ongoing examination with the intention to sue) from the SEC last year.
The notification corresponds to the measures taken by the Trump administration to reduce the regulations set by Biden administration in order to protect the public from cryptocurrency fraud and prevent another ponzi scheme in the order of the FTX debacle. The wells do not specifically notice alleged violations of securities law and the alleged false representations by the company.
When the Wells announcement was sent last year, Unchangeable protested And argued that it was innocent to make misconduct. The SEC examination was the “youngest in its de facto policy of regulatory obligation”, which leading leading companies in almost every category in Web3. Coinbase, Consensys, Ripple, OpenSea, Crypto.com and others who had confronted all SEC escalations were unchangeable in the last two months before the US elections.
At this time, unchangeable information said that the SEC continued to claim that token is securities. Unscript, which is not specified in the announcement, believed that his claims in 2021 aim to list and private sales of the company’s IMX token. An announcement of fountain is an indication of the SEC that is considering submitting a lawsuit against a company.
“We are pleased that the SEC has completed its investigation. This is an important milestone for the crypto
Industry and games when we progress with regulatory clarity to a future, ”said Robbie Ferguson.
President of unexpected storms in an explanation. “Immediate continues to build on our vision to bring along
Digital property of the 3.1 billion players all over the world; We can now build unencumbered
The.”
Regulatory clarity will be a major unlocking for investments in Web3 gaming, an industry that has attracted more than $ 12 billion in risk capital financing since 2020. Major Triple-A Gaming
The studios have previously cited legal and compliance risks as important obstacles to entering the market.
With a clear regulatory framework on the horizon, however, further investments are expected
And ways to tok the more than 100 billion dollar market for purchases in the game. For players, unchangeable information means that this means a real digital property of objects in the game, with freedom to act, sell or transfer them on platforms and ecosystems.
In a message to Gamesbeat, Ferguson said: “This is a great moment for web3 games. With the operational overhead of a Wells -Heiss, which has been canceled, it can continue to build up to make web3 games accessible to the masses with the best gaming pocket and chain on the market.”
Unabridated background story
In web3 games, the way was unchangeable and more than 500 blockchain games started on his platform. Ferguson founded the company in 2018, long before the madness around Web3 games began.
During the boom for non-fungable token (NFT), the company came to my radar in March 2021 at the beginning of the Web3 gaming boom, was unchangeable Offer. Ferguson explained to me how web3 game transactions could be carried out safely, quickly and inexpensively.
It also collected 300 million US dollars from global investors such as Temasek, Tencent, Bitglaft, King River Capital and Galaxy. His goal is to play web3 games for players. The company said that its gaming platform, which includes the unchangeable ZKEVM solution with zero-knowledge-proofs, easily relieves game studios and independent developers in order to create and start successful games in Ethereum without affecting the play experience. This high profile ultimately became a goal for the regulatory authorities.
When asked what this means for unchangeable, Ferguson said in a statement: “This now enables the enormous opportunities to be used completely in this way. Regular clarity should have a great unlocking for investments in web3 gaming since 2020, an industry that has already attracted more than $ 12 billion in risk capital financing.”
He added: “Large triple-a-gaming studios have previously cited legal and compliance risks as important market entry barriers. Despite this culair, unchangeable unchanging has three $ 1 billion games with a clear regulatory framework for the horizon, the further investments and opportunities for the triple-a-gaming studios to the horizon.
And he said: “It is also unchangeable to increase the institutional capital flows into digital asset markets. Since the highest value for games on the market, further institutional opportunities, including IMX, are more likely to be included.”
