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Nu MoonSEC Issues Wells Notice to Immutable, Alleging IMX Token Violations
The SEC’s scrutiny of Immutable underscores a larger regulatory question regarding tokens used within decentralized gaming ecosystems. Immutable’s $IMX token functions as an in-game asset for transactions and ownership on the company’s blockchain gaming platform. Immutable asserts that such tokens, designed for a specific purpose within digital economies, should be distinguished from traditional securities.…
