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IMX Coin News: Immutable, The Future of Web3 Gaming Token Surges 15%
IMX, the token of Web3 gaming company Immutable, surged 15% after the company announced that the U.S. Securities and Exchange Commission had closed its investigation with no charges.
Immutable, an Australian-based crypto firm, confirmed that the Securities and Exchange Commission would take no further action against them. The decision comes amid shifting crypto regulations under the Trump administration. Investors reacted positively, boosting IMX’s price as confidence in the company grew.
Immutable’s IMX Soars After SEC Closes Inquiry
Co-founder of Immutable, Robbie Ferguson called the SEC’s decision “an enormous win for Web3 gaming” and said it marked the end of a major threat to digital ownership rights. He shared news on the platform X, celebrating the victory after what he described as a year-long fight.
IMX, the token of Web3 gaming company Immutable, surged 15% after the Securities and Exchange Commission closed its investigation without filing any charges. The price of IMX jumped to nearly $0.74, its highest level since March 3, before a market downturn pushed it as low as $0.46 earlier this month.
IMX is now at the price of $0.6822 with a surge of 8.06% in the last 24 hours after a small drop from 15% hype. With a $121.25 million trade volume, with the rise of 119.11% hype in trade in the last 24 hours. Market cap went to $1.22 billion. The token got a stable position after a long fight and drop.
IMX SEC Case Overview
The Securities and Exchange Commission had issued Immutable a Wells notice in late 2024, a sign that enforcement action could be coming. Immutable believed the investigation was tied to its 2021 token listing and private sales. With the probe now closed, investors responded positively, driving IMX’s price higher as confidence in the company grew. The decision also comes at a time of shifting crypto regulations under the Trump administration.
The market had been struggling due to uncertainty over President Donald Trump’s tariffs and U.S. interest rates. The coin had fallen to $0.46 but rebounded after the SEC’s decision. A move toward $0.70 could erase nearly $449,500 in short positions, CoinGlass data shows.
Immutable co-founder Robbie Ferguson called the SEC’s decision “an enormous win for Web3 gaming.” He said the company had fought for a year to protect digital ownership rights. While the coin surged on the positive news, the token barely reacted when the SEC first announced’s Wells notice in November. At the time, the crypto market was already rising as Trump’s election odds improved.
SEC’s Crypto Policy Shifts Under New Leadership
The SEC’s ending its investigation into Immutable is part of a bigger change in how it handles crypto. Former Chairman Gary Gensler was tough on the industry, going after companies with strict enforcement. But now, with Gensler gone, things are different. Acting Chair Mark Uyeda is taking a new approach. Similar cases happened in the last few months, like the SEC closing its Uniswap investigation, which caused the Uniswap coin to surge.
What’s Next
token has an opportunity to solidify its position in Web3 gaming now that the investigation is over. Other layer-2 solutions like Arbitrum and Optimism, however, continue to compete with it.
it needs more users and network expansion to continue growing. New alliances and ecosystem development will be essential to its success. it may increase even more if they keep closing deals.
Will market trends and profit-taking cause the token to decline, or will it overcome resistance and launch a fresh rally? Investor confidence and market players determine that.
