tl;dr
Immutable, a blockchain protocol for Web3 games, has disclosed receiving a Wells Notice from the US Securities and Exchange Commission (SEC), indicating regulatory scrutiny over its native token IMX for potential violations of Federal Securities laws. The company expressed readiness to defend its ri...
Immutable, a blockchain protocol for Web3 games, has disclosed receiving a Wells Notice from the US Securities and Exchange Commission (SEC), indicating regulatory scrutiny over its native token IMX for potential violations of Federal Securities laws. The company expressed readiness to defend its rights in response to the notice. This development follows a series of regulatory actions in the digital currency space, despite expectations of a slowdown prior to the upcoming elections. OpenSea, another player in the digital asset market, also received a Wells Notice from the SEC in August.
After a year-long crackdown moves in the digital currency ecosystem, one might think the US SEC will slow down ahead of the elections. However, Immutable revealed in its announcement that the regulator now alleges it might have violated Federal Securities laws over its native token IMX. The expressed frustration with the Wells Notice, and noted that it is ready to fight for its rights if required. Notably, OpenSea also received a Wells Notice from the markets regulator in August. This is a breaking news, please check back for updates!!!
More about United States Steel Corporation
United States Steel Corporation produces and sells tubular and flat rolled steel products primarily in North America and Europe. The company is headquartered in Pittsburgh, Pennsylvania.
Industry: Manufacturing
Sub-Industry: Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Market Cap: 8,892,748,000
Current Price: $17.26
Price Change: 0.2
Percentage Change: 2.29%
PE Ratio: 75.31
Dividend Yield: 0.034
Shares Outstanding: 1,685,300,000
Revenue: 16,853,000,000
EPS: $41.87
Net Income: -617 million
EBITDA: -178 million