COINDESK DAILY: $IMX Surge, SEC Ends Immutable Investigation

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CoinDesk

Tech News, Business News, Daily News, News

4.7 • 698 Ratings

🗓️ 26 March 2025

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Christine Lee breaks down the latest news in the industry as IMX token jumps after the SEC ends enforcement threats against Immutable. IMX token jumps after the SEC ends enforcement threats against Immutable. Plus the U.S. FDIC drops "reputational risk" banking discrimination against crypto firms and Fidelity Investments develops its own stablecoin. CoinDesk's Christine Lee breaks it down on "CoinDesk Daily." - Friends, DeFi is having a moment — Uniswap Labs' web app and wallet connect you to the excitement. Swapping and bridging are simple, low cost, and lightning fast across 13 chains, including Base, Arbitrum and Unichain, the new Layer 2 network designed for DeFi. Thanks to deep liquidity on Uniswap Protocols, you get minimal price impact on every trade, now with even greater efficiency through Uniswap v4. Swap, send, on-ramp, off-ramp, and bridge into a bright future — get started at uniswap.org. - This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:49.9	Several wins for the crypto industry as US regulators back off efforts to cripple companies.
0:55.0	It's Wednesday, March 26, 2025. I'm Christine Lee. This is Coin Ness Daily.
1:04.0	IMX tokens surging after US Securities and Exchange Commission dropped its investigation into Web3
1:11.3	Gaming platform Immutable, ending threats of enforcement charges. Immutable, an Australian
1:16.9	company, disclosed that it had received a Wells notice, essentially an official heads-up from the
1:21.5	SEC that it intends to file an enforcement action against the recipient in November. At the time,
1:27.2	the firm speculated that the SEC's investigation was tied to its listing
1:31.1	and private sales of its native IMX token back in 2021.
1:36.2	The SEC has closed numerous investigations against crypto companies in recent weeks.
1:41.4	The U.S. Federal Deposit Insurance Corporation is ending its practice of banking discrimination
1:47.0	against crypto companies.
1:49.0	Republican staff at the US Senate Banking Committee posting on X, the FDIC is going to eliminate
	...

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