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If confirmed, Atkins said he would resign as CEO of Patomak and divest his membership interest, as well as divest his stock options at Securitize. Atkins served as a commissioner at the agency from 2002 to 2008.
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Atkins personally disclosed up to $78.8 million in total employment assets of: Up to $15,000 each; between $25,000,001 and $50 million in membership interest at Patomak; between $250,001 and $500,000 in call options at Securitize, a real-world asset tokenization platform; and between $50,001 and $100,000 at financial technology company Pontoro.
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Humphreys and her family members reportedly control a 75% stake in Tamco, the roofing business founded by her grandfather.
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Atkins and his wife, Sarah Humphreys, held up to a combined $327 million in assets, in part through their respective stakes in Atkins’ consulting firm Patomak Global Partners and Tamko Building Products, according to a financial disclosure report made public by the US Office of Government Ethics on March 25.
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Paul Atkins, US President Donald Trump’s nominee to lead the Securities and Exchange Commission (SEC), disclosed combined employment assets of at least $327 million with his wife ahead of a scheduled confirmation hearing with the US Senate Banking Committee.
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Blockchain firm Ripple Labs’ case with the US Securities and Exchange Commission (SEC) may be officially wrapped up after more than four years, subject to court approval.
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The company said it had a 10-minute call with the SEC after it had issued the notice where it alleged a 2021 Immutable blog post stating a pre-launch investment made in the IMX token at a price of $0.10, which was issued at a “$10 pre-100:1 split,” was inaccurate and implied there was no exchange of value between the parties.
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“However, with a clear regulatory framework on the horizon, this is expected to unlock further investment and opportunities to tokenize the now more than $100 billion market for in-game purchases,” it added.
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At the time, Immutable said it was “confident in its position” and would fight the regulator’s claims.
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In its statement, Immutable said that major triple AAA gaming studios “have previously cited legal and compliance risks as key barriers to entry” into the Web3 gaming space.
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Web3 gaming platform Immutable says the US Securities and Exchange Commission has closed its investigation into the company, clearing it of any further action.
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Immutable — the firm behind the Ethereum layer-2 Immutable X — said in a March 25 statement that the SEC shut its inquiry into the firm without finding wrongdoing and “closes the loop on the Wells notice issued by the SEC last year.”
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In November, Immutable said it received a Wells notice from the regulator — a letter informing that the SEC is considering an enforcement action, typically sent after it concludes there is evidence of possible securities law violations.
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“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,” Immutable president and co-founder Robbie Ferguson said in a statement.
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An Immutable spokesperson told Cointelegraph that the SEC sent it a letter of termination that didn’t explain why it had concluded its probe. The spokesperson said the letter was unprompted and that the SEC’s review of information Immutable had sent “appears to have resulted in them closing the investigation.”
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An SEC spokesperson told Cointelegraph it doesn’t comment on the existence or nonexistence of a possible investigation.
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Immutable said in a November blog post that it believed the SEC was targeting the 2021 “listing and private sales” of its self-titled Immutable IMX token.
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The company said it had a 10-minute call with the SEC after it had issued the notice where it alleged a 2021 Immutable blog post stating a pre-launch investment made in the IMX token at a price of $0.10, which was issued at a “$10 pre-100:1 split,” was inaccurate and implied there was no exchange of value between the parties.
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At the time, Immutable said it was “confident in its position” and would fight the regulator’s claims.
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The SEC has dropped many pending and in progress enforcement actions against crypto companies under President Donald Trump, whose administration has worked to defang the agency to make good on his promise to alleviate the crypto industry from regulatory action.
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