Unicoin from Crypto Investment Fuirem is gearing up for a courtroom clash with top Wall Street police officers as the Securities and Exchange Commission signal plans to pursue a Miami-based company. Decryption I learned it.
According to co-founder Alex Konanykhin, the SEC executive has given Unicoin to enter into settlement talks until April 18th over allegations that the company intentionally violated both the federal securities law registration and the rebellion provisions.
That deadline has now passed, and Konanykhin says he has no intention of settling it and vows to fight the claims in court instead.
“I’m going to win this case in court,” he said. Decryption In an interview. “I think it’s grotesque that the most compliant crypto company in the United States is the only company persecuted by the SEC.”
Konanykhin says the company is Financial disclosure report And for more than three years, the SEC has not ruled out its agency preemptively for what it calls “billions of dollars of massive losses” to Unicoin shareholders and businesses.
A SEC spokesman declined to comment.
The SEC’s pursuit of Unicoin is allegedly a non-registered securities violation as it retracts several enforcement measures brought by former SEC chairman Gary Gensler against well-known crypto companies such as Coinbase, Ripple, Kraken and Consensys under the leadership of the new Republican Party. The new crypto-friendly Trump administration has pledged to end the Biden administration’s so-called crypto-related war, directing Congress to create legislation that will create compliance standards for crypto companies and investors.
However, Unicoin faces a broader, more serious set of charges, including violating the rebellion clause of the Securities and Exchange Act. Second leadership under acting chair Mark Weda has recently Official Statement It signaled the intention to continue pursuing cases, including fraud.
According to a Wells notification sent in December, the agency alleges that Unicoin has handed out the company’s native token, Unique. Airdrop Without first checking the status of the recipient’s accredited investors. It misrepresented the token as “asset-backed” and “SEC-compliant,” claiming that the company inflated its token sales figures and incorrectly claimed it owned or managed real estate in multiple countries.
The agency also states that Konanykhin will inappropriately relocate restricted securities without meeting the exemption requirements.
Konanukin, who has vehemently denied the claim, argues that the incident is not related to the law and has something to do with the SEC’s internal resistance to changing regulatory environment under the Trump administration. He says the push to punish Unicoin is driven by staff holdovers from the Gensler era, who have decided to solidify at least some enforcement victories amid a massive rollback of crypto litigation. Specifically, Konanykhin has identified Brad Ney, assistant director of the executive division, a 10-year employee of the SEC.
“I don’t think this reflects the views of the new SEC leadership,” he said. “This is driven by illicit officials left behind from the Jensler administration, who are trying to hide themselves by bullying us and obtaining false recognition of guilt.”
Interview with Decryption It was the first time Konanykhin has made a statement since Konanykhin decided not to hold back settlement talks with the executive branch.
Unicoin recently requested to meet with the Crypto Task Force. CryptoTaskForce has been holding meetings with more than 60 Crypto companies since February, and has not yet received a reply.
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