The U.S. SEC has dropped its inquiries into Immutable regarding IMX token sales, dismissing concerns of securities law violations. This decision signals a trend of regulatory easing under Acting Chair Mark Uyeda, allowing Immutable to focus on advancing digital ownership for gamers.

Following the SEC announcement, the price of IMX increased by 15%, stabilizing between 0.69 USD and 0.715 USD. The closure of this investigation may indicate an improving regulatory environment for the crypto sector, encouraging investments and innovation in Web3 and decentralized finance.