The SEC has issued a Wells notice to crypto gaming platform Immutable. In an Oct. 31 blog post, Immutable criticized the SEC’s “regulation-by-enforcement” strategy, saying that the notice was issued without prior discussions. The SEC’s allegations seem to focus on possible securities law violations related to the 2021 listing and private sales of Immutable's IMX token. Immutable argued that the SEC provided minimal explanation (less than 20 words) and suggested that the agency inaccurately claimed “fraudulent misrepresentations” in a 2021 blog post about IMX's pre-launch investment. Immutable said it was “confident in its position” and will fight back. Source: CryptoSlate & Cointelegraph