Most recently, Immutable announced that the SEC has officially dismissed its lawsuit against the company. In less than 03 months since President Trump took office, the SEC has suspended or dropped multiple investigations and lawsuits against major crypto companies, signaling the industry’s closer alignment with a comprehensive regulatory framework.
SEC Drops Its Investigation into Immutable
The SEC has officially ended its investigation into Web3 gaming platform Immutable without any enforcement penalties. Immutable confirmed this today on its official X channel.
Last year, the SEC issued Immutable a Wells Notice.
That inquiry is now officially closed, with zero findings of wrongdoing, and the SEC is taking no action.
This is a huge win – not just for web3 gaming, but everyone who believes in digital ownership rights.
Let’s build.
— Immutable (@Immutable) March 25, 2025
The SEC issued a warning to Immutable in late October 2024, regarding its IMX token issuance and sale in 2021. Since 2022, the SEC has been examining whether IMX qualified as an unregistered security under U.S. law.
At the time, Immutable stated it had engaged in months of discussions with the SEC before receiving a Wells Notice, signaling potential enforcement action. However, the SEC’s notice did not specify any violations or investigation reasons, leading Immutable to suspect IMX was the primary focus.
After months of review, the SEC has now ended the investigation without filing any charges. The SEC declined to comment, stating that it does not comment on the existence or non-existence of an investigation.
Following this positive news, IMX’s price saw a slight increase, reflecting the community’s support.


Source: Coingecko
Immutable is an Australian-based Web3 gaming company known for its blockchain-powered projects, including the trading card game Gods Unchained and its layer-2 blockchain solution. Founded by Robbie Ferguson and others, Immutable aims to revolutionize gaming by giving players true ownership of digital assets through NFTs and decentralized technology. Its native token, IMX, powers the ecosystem, facilitating transactions and rewards. The company has raised significant funding to expand its vision of decentralized gaming.
SEC’s Recent Leniency Toward Crypto Projects
The SEC’s latest move with Immutable is part of a broader wave of suspended investigations and lawsuits, signaling a major strategic shift in its leadership. The agency is gradually adopting a more lenient stance on crypto, moving away from the strict enforcement approach of former Chairman Gary Gensler.
The SEC has established a Crypto Task Force, led by Commissioner Hester Peirce, known for her pro-crypto stance. Additionally, the agency has begun roundtable discussions with industry players to explore more effective regulatory solutions.


Source: TradeSanta
The SEC has dropped multiple investigations without charges in less than three months since President Donald Trump took office, marking a significant shift in crypto policy. These include cases against Gemini, Uniswap, Robinhood, OpenSea, Yuga Labs, and most recently, Immutable. Lawsuits against Kraken, Coinbase, ConsenSys, Ripple (XRP), Cumberland DRW, and BitClout have also been dismissed, while cases against TRON and Binance remain on hold.