News with the tag "Wells Notice"

CyberKongz said it was first contacted by the SEC two years ago and had been “suffering in silence” ever since.

The NFT collection CyberKongz said the Securities and Exchange Commission (SEC) will likely charge it. In a post on X on Monday, the collection said it received a Wells Notice, a letter from the SEC staff that recommends an enforcement action. It commented that the SEC is trying to pull through its ...

As blockchain technology keeps on changing different industries, gaming emerges as an especially dynamic area. Nevertheless, the speedy expansion of blockchain gaming has faced hurdles, particularly in terms of regulatory examination. In 2024, companies are facing changing landscapes as they work to...

The US Securities and Exchange Commission (SEC) has filed a Wells Notice to Immutable over its sales of IMX tokens. The SEC’s contention is related to a 2021 blog post on the pre-launch investment made in the IMX tokens priced at $0.10 or a $10 pre-100:1 split. Related Reading: ADA Is The Star, Card...

Immutable announced that it intends to contest any potential enforcement action from the SEC after the agency issued it a Wells notice. The post Immutable Vows to Defend Against SEC’s Wells Notice Over IMX Token appeared first on TheCoinrise.com .

Immutable SEC Wells Notice alleges rushed action and lack of dialogue. Immutable defends the IMX token’s legitimacy and pledges to protect digital rights.

Blockchain gaming platform Immutable says it received a Wells notice from the SEC over alleged securities law violations within "hours" of its first interaction with the regulator.

Previous crypto rulings against the SEC have put Crypto.com on a “strong legal footing” in its lawsuit against the regulator, its chief legal officer Nick Lundgren said.

Crypto.com received an SEC Wells notice indicating potential legal action for alleged securities violations.

SEC commissioners Hester Peirce and Mark Uyeda didn’t believe any US securities laws were triggered and urged the commission to give NFT firms more room to experiment.