Bitcoin 
$72,362 price It dropped below $70,000 a few minutes ago and remains below this key zone at the time of writing. The price, which dropped to $69,685, was affected by the sales in the US stock market. But some altocoins suffered greater losses. IMX Coin is one of them.
IMX Coin SEC Case
He received one of the signals a few minutes ago that the SEC’s fight in the crypto space will continue to intensify. IMX price dropped 10% because Wells notice was sent by SEC for the token. As experienced investors have memorized by now, this notice is the SEC’s warning that we are preparing to sue you. The price of the token dropped to $1.22.
In the statement made by the company, a lawsuit will be filed against Immutable’s “parent organization” Digital Worlds Foundation, as well as the company’s CEO, James Ferguson, for violating securities laws. The company spokesperson wrote:
“Despite the SEC’s indiscriminate assertion that industry tokens are securities, we are confident that the IMX token is not a security. “The notification only referred to the legal provisions and did not include any details.”
immutable The spokesperson accuses the SEC of hastily sending Wells notifications to cryptocurrency companies when there is a strong possibility that the current institution management will change after the elections.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
