The US Securities and Exchange Commission (SEC) has officially closed its investigation into Immutable (IMX), a blockchain-based gaming platform

The development comes after the regulator dropped several high-profile lawsuits recently, including the long-running case against Ripple.

The US Securities and Exchange Commission (SEC) has closed its investigation into Immutable (IMX), a blockchain-based gaming platform, the regulator announced.

The development comes after the SEC dropped several high-profile lawsuits recently, including the long-running case against Ripple.

SEC Drops Probe into Immutable

Immutable co-founder Robbie Ferguson revealed the development in the latest X post.

“The SEC has now officially closed its inquiry into Immutable, with no enforcement action to be taken,” he announced.

Ferguson described this outcome as a significant victory for Web3 gaming, highlighting its role in safeguarding digital ownership. Immutable had been subject to SEC investigation following a Wells Notice in November 2024.

The SEC’s probe focused on Immutable’s 2021 IMX token listing and private sales, which the regulator feared might violate securities law. Throughout the investigation, Immutable maintained its innocence and vigorously defended its actions.

The company’s resilience paid off. As stated in the official statement, the investigation concluded with “zero findings of wrongdoing.”

Despite the regulatory scrutiny, Immutable also achieved many milestones over the past year. The company launched the Immutable zkEVM blockchain and secured partnerships with three multi-billion-dollar companies. It also saw 4.9 million sign-ups for its Passport product.

Moreover, Immutable doubled its game offerings, reaching over 500 titles. This achievement comes as no surprise given Immutable’s mission to introduce Web3 gaming to the masses.

“There are 3.5 billion gamers in the world, and web3 solves the problem of digital ownership for them with real utility + PMF. Overcoming this investigation was a big step to bringing them on-chain, but we’re still early days,” Ferguson added.

This outcome aligns with a broader shift in the SEC’s approach to crypto regulation under Acting Chair Mark Uyeda. Since President Donald Trump took office in early 2025, high-profile investigations into major crypto firms have been closed.

The SEC also dropped lawsuits against several major players, including Coinbase (NASDAQ:), Kraken, ConsenSys, and Ripple (XRP) (CRYPTO: XRP). This signals a retreat from former Chair Gary Gensler’s aggressive enforcement tactics.

Notably, the market responded positively to the news. According to BeInCrypto data, Immutable’s IMX token rose 7.5% over the past day. At the time of writing, it was trading at $0.6.

Its trading volume also surged by triple digits, marking a 122.0% increase over the past day, indicating heightened trader activity. This significant market movement reflects growing confidence in Immutable’s future prospects, with the company’s legal victory giving traders renewed optimism about its potential.