"With this action, the SEC is continuing to indiscriminately assert that tokens are securities. While not specified in the notice, we believe its claims are targeting the listing and private sales of IMX in 2021."
"To manufacture a case on a listing that occurred in 2021, with practically no direct communication with the company, is precisely the reason the industry is so skeptical of any attempts from this SEC to argue it is attempting to provide clarity."
"The company said the notice was received hours after the company's 'first interaction' with the SEC, and 'cited statutory provisions and contained limited meaningful detail about the nature of the investigation'."
"A Wells Notice is a letter sent to people or companies following an investigation by the SEC. It informs them that the regulator is planning a lawsuit against them."
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