Immutable announced that the SEC has officially closed its investigation into the company, confirming no wrongdoing and no further action will be taken. This concludes the investigation sparked by a Wells notice issued last year, which suggested potential violations of securities law. The SEC had initially raised concerns over misrepresentations related to Immutable’s IMX token, but the company has maintained its innocence throughout. SEC Ends Investigation into Immutable Immutable argued that the SEC’s actions were part of a broader “regulation via enforcement” strategy targeting Web3 companies. Last year, the SEC issued Immutable a Wells Notice. That inquiry is now officially…
Author: cryphedge
The US Securities and Exchange Commission has formally closed its investigation into Australian web3 gaming firm Immutable, the company announced on March 25.Immutable, known for its Ethereum-based gaming infrastructure and native IMX token, revealed that it had received a Wells notice from the SEC in November 2024 — an indication that the agency was considering enforcement action.The company believed the inquiry was related to its token’s listing and early sales, which date back to 2021. With the investigation now dropped and no charges filed, Immutable called the decision a step forward for regulatory clarity in the blockchain gaming sector.Immutable, which…
Things are looking up for payment-focused cryptos, especially with talk of an XRP ETF getting closer than ever. Odds of approval are rising fast, and some analysts think that could be the rocket fuel XRP’s been waiting for. Stellar (XLM) is also getting swept up in optimism, riding the wave thanks to its shared focus on cross-border transactions. But while the old-school payment coins battle it out for a comeback, a newer name is quietly stealing the show—Remittix (RTX). It’s already pulled in over $14 million in presale, and with its built-in PayFi functionality for investors, businesses, and individuals, some…
As of now, Solana (SOL) is trading at $143.11 after posting a 1.56% increase in the last 24 hours. However, the broader picture shows a 14.45% decline over the last 30 days, indicating that while there is short-term buying interest, overall market sentiment remains cautious. Such contrasting signals are not unusual in the crypto world, where short-term rallies can coexist with longer-term corrections. The current environment suggests that while optimism may be resurfacing, the market still harbors concerns that need to be overcome for a sustained rally. Solana Price Analysis On the 4-hour timeframe, the 50-period moving average has recently…
The US Senate is preparing to hold a final vote on March 27 to nullify the Internal Revenue Service’s (IRS) broker reporting rule for DeFi operators. If approved, the resolution could be sent to President Donald Trump’s desk as early as March 28 for signing, according to Fox reporter Eleanor Terrett reported on March 25, citing three people familiar with the matter.The vote follows a procedural requirement after the Senate passed the same joint resolution in a bipartisan supermajority on March 4. 292 lawmakers voted to overturn the broker rule, while 132 opposed it.The broker rule, finalized by the IRS…
BlackRock has expanded its tokenized money market fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), to the Solana blockchain, marking another step in the firm’s push to extend its tokenized money market fund.The move, announced by Securitize, introduces a new share class of BUIDL on Solana, adding to its growing presence across multiple blockchain networks.BlackRock Adds Solana Support for Its $1.7B Tokenized Money Market FundBUIDL was launched in March 2024 as BlackRock’s first tokenized fund issued on a public blockchain. It offers qualified investors on-chain access to U.S. dollar yields with daily dividend payouts and near real-time peer-to-peer transfers.…
Asia Web3 Alliance Japan has formally submitted a proposal to the US Securities and Exchange Commission’s (SEC) Crypto Task Force, urging the creation of a joint regulatory partnership between Japan and the United States to advance tokenization and web3 development.The proposal, dated March 25 and addressed to Commissioner Hester Peirce, called for a coordinated effort to reduce regulatory uncertainty, align legal frameworks, and foster inclusive digital asset markets.The initiative seeks to establish a structured collaboration between the SEC and Japanese authorities, including the Financial Services Agency (JFSA), the Ministry of Economy, Trade and Industry (METI), and the Bank of Japan…
CME Group, a US-based derivatives marketplace, and Google Cloud have partnered to pilot solutions for secure wholesale payments and asset tokenization using Google Cloud Universal Ledger (GCUL).CME Group has already completed the initial integration and testing phase of GCUL, according to the companies’ March 25 press release. CME Group Will Introduce Tokenization Technology to Enhance Capital Market Efficiency Using Google Cloud's New Universal Ledger https://t.co/TuHxQKSjc5 — CME Group (@CMEGroup) March 25, 2025Driving Efficiency for 24/7 TradingCME Group and Google Cloud are collaborating to enhance the efficiency of collateral, margin, settlement, and fee payments, aligning with the industry’s transition to 24/7…
Today, March 26, 2025, Chainlink’s native token, LINK, gained massive attention on social media following the formation of a bullish price pattern on the four-hour timeframe. Since the beginning of February 2025, the altcoin has been moving within a descending parallel channel.However, with today’s price surge, it has broken out of this prolonged bearish trend.Chainlink (LINK) Price Action and Upcoming Levels According to CoinPedia’s technical analysis, LINK now appears bullish as it has officially broken out of the descending channel pattern, where it previously experienced price declines. Additionally, it has overcome resistance from the 200 Exponential Moving Average (EMA) on the…
The Senate Banking Committee announced on March 25 that the Federal Deposit Insurance Corporation (FDIC) will eliminate reputational risk as a component of bank supervision. White House “Crypto Czar” David Sacks said the FDIC’s decision was a significant correction, and called it “a big win for crypto. He added:“In practice, this vague and subjective criteria was used to justify the debanking of lawful crypto businesses through Operation Chokepoint 2.0. Banking criteria should be objective and quantitative, not based on the potential for untrue stories.”Operation Chokepoint 2.0 was an allegedly concerted effort by regulators under former President Joe Biden’s administration to…
