A Win for Web3 Gaming: SEC Ends Immutable Inquiry [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
tencent.com/en-us/investor.html
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Source: Yahoo! Finance
There have been no findings of wrongdoing and the SEC is not taking any action. This closes the loop on the Wells notice issued by the SEC last year. "We are pleased the SEC has concluded its inquiry. This marks a significant milestone for the crypto industry and gaming as we advance towards a future with regulatory clarity," said Robbie Ferguson , Co-Founder and President of Immutable. "Immutable continues to build towards our vision of bringing digital ownership to the 3.1 billion gamers across the world; we can now build unencumbered toward that." Regulatory clarity is set to be a major unlock for investment into web3 gaming, an industry that has already attracted more than $12 billion of venture capital funding since 2020. Major triple AAA gaming studios have previously cited legal and compliance risks as key barriers to entry into the market. However, with a clear regulatory framework on the horizon, this is expected to unlock further investment and opportunities to tokeniz
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