IMX Coin Jumps 15% as SEC Closes Investigation – What’s Next?

By / / Crypto News, Daily News
IMX Coin Jumps 15% as SEC Closes Investigation – What’s Next?
Table Of Contents
  1. Immutable’s Web3 Gaming Token Sees Strong Gains
  2. SEC Closes Investigation, Boosting Investor Confidence
  3. IMX Price Surges Following the Announcement
  4. SEC’s Crypto Policy Shift Under New Leadership
  5. What’s Next for IMX?

Immutable’s Web3 Gaming Token Sees Strong Gains

IMX, the native token of Web3 gaming company Immutable, surged 15% after the U.S. Securities and Exchange Commission (SEC) officially closed its investigation without filing any charges. The news fueled investor confidence, driving a sharp increase in IMX’s price and trading volume.

SEC Closes Investigation, Boosting Investor Confidence

Immutable, an Australia-based blockchain gaming firm, confirmed that the SEC has ended its probe into the company’s 2021 token sale and private funding rounds. The decision follows regulatory shifts in the U.S. crypto landscape, easing concerns for investors.

Immutable’s co-founder, Robbie Ferguson, described the SEC’s ruling as a major victory for Web3 gaming. He shared his excitement on X (formerly Twitter), emphasizing that the decision supports digital ownership rights and removes a key regulatory risk that had been looming over the company for more than a year.

IMX Price Surges Following the Announcement

The market reacted immediately to the SEC’s decision, pushing IMX to a new monthly high.

  • Current Price: $0.6822 (+8.06% in 24 hours)
  • Market Cap: $1.22 billion
  • 24H Trading Volume: $121.25 million (+119.11% surge)

IMX initially jumped 15% to nearly $0.74, its highest level since early March. However, following the initial hype, profit-taking caused a minor pullback. Still, the token remains in a strong position after enduring a period of price volatility.

SEC’s Crypto Policy Shift Under New Leadership

The SEC’s decision to drop its investigation into Immutable is part of a broader regulatory shift. Under former Chairman Gary Gensler, the SEC took an aggressive stance on crypto, targeting several projects with enforcement actions.

Now, under Acting Chair Mark Uyeda, the agency appears to be reassessing its approach. Recently, the SEC also closed its investigation into Uniswap, which led to a similar price surge for the UNI token. These moves suggest a more favorable regulatory environment for crypto projects moving forward.

What’s Next for IMX?

With the SEC probe officially closed, Immutable has a clear path to focus on expanding its Web3 gaming ecosystem. However, competition remains fierce, with Arbitrum and Optimism continuing to dominate the Layer-2 scaling space.

To maintain its momentum, Immutable needs to:

  • Grow its user base and onboard more developers.
  • Form new strategic partnerships within the gaming and blockchain industry.
  • Enhance network adoption through ecosystem expansion.

The key question now is: Will IMX sustain its rally, or will profit-taking push it lower? Market sentiment and investor confidence will ultimately determine the token’s next move.

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