CoinDesk Podcast Network
COINDESK DAILY: $IMX Surge, SEC Ends Immutable Investigation
Mar 26, 2025
The podcast dives into the recent surge of the IMX token following the SEC’s closure of the investigation into Immutable. It highlights the U.S. FDIC's decision to drop banking discrimination against crypto firms, paving the way for growth. Fidelity is making strides by developing its own stablecoin, promising innovative changes in finance. Additionally, Uniswap's new web app revolutionizes DeFi with fast and cheap trading across multiple chains, showcasing the industry's rapid evolution.
03:11
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Quick takeaways
- The SEC's decision to end its investigation into Immutable has boosted investor confidence, leading to a surge in IMX token prices.
- Fidelity Investments is moving towards launching its own stablecoin, reflecting traditional finance's growing interest in blockchain and digital assets.
Deep dives
Crypto Industry Wins Regulatory Support
Recent developments show a shift in regulatory actions that favor the cryptocurrency industry, particularly with the U.S. Securities and Exchange Commission (SEC) dropping its investigation into Immutable, a Web3 gaming platform. This decision has led to a surge in IMX token prices, reflecting renewed confidence among investors. Furthermore, the U.S. Federal Deposit Insurance Corporation (FDIC) announced the end of banking discrimination against crypto firms, abolishing the use of reputational risk in bank supervision. This change is significant as it aligns with the passage of Senator Tim Scott's Firm Act, which aims to create a more supportive regulatory environment for lawful crypto businesses.
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