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The U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to Immutable, a significant player in the blockchain industry, indicating potential enforcement action. The timing of this notice ahead of the U.S. election raises questions about the regulatory landscape for blockchain companies operating within the United States. Immutable, through a blog post, expressed their willingness to challenge the action, suggesting that clarity for the industry might be achieved by opposing what they perceive as “regulation by enforcement.”
For more on this developing story, visit the article here.
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