Unicoin co-founders want to be “next” as the SEC eases crypto crackdown under Trump

“We want to be next,” Konanykhin wrote. Miami Herald Onedpointing to dozens of other crypto companies already freed from SEC investigations and litigation.

SEC’s pivot sees from “enforcement regulation” to a more industry-friendly approach Cases for major players Coinbase, Binance, Ripple and Kraken have finished in the past few weeks. Other cases It’s completely dropped or the probe appears Pause.

When the SEC started investigation In pursuit of lawsuits against crypto companies after the collapse of FTX, most of those players were hit by enforcement action claims and threats.

Unicoin is behind on the SEC radar, and enforcement measures against them were handed out later last year. This was a “sign,” and then president Gary Gensler had not finished with his contested anti-cryptic crusades. luck It has been reported at that time.

At the time, regulators alleged that Konanykhin’s Miami-based company was involved in fraudulent, deceptive practices and processing unregistered securities.

“I can only say one word: bullshit. Complete and complete bullshit,” Konanikin said in an interview with luck.

The notice came “the last day of the Joe Biden administration” before the leadership transitioned to allied people by “Crypto Fan Trump,” Konanykhin wrote Thursday.

Unicoin was then forced to move its business to Europe and was promised to avoid US funding.

Unicoin token is a securities

Konanykhin previously claimed that his company had sold $3.5 billion worth of Unicoin tokens through transactions with around 70,000 investors and purchase payment agreements.

The SEC pursued a variety of crypto companies to provide unregistered securities, but most of those crypto companies argue that their offerings are not actually securities.

Despite saying that it had It has been reported publicly For more than five years, Unicoin has not yet registered tokens with regulators, public records show. Decryption I reached out to give me a further comment on that.

Konanykhin argues that Unicoin accepts transparency by disclosing “trade records, audits and financial reports,” despite what was called “unfair scrutiny” under previous administrations.

Unicoin first got into the spotlight when Apple co-founder Steve Wozniak publicly promoted the token launch in 2022. Wozniak He was a panelist Unicorn Hunter is an investment television program that launched Unicoin.

“I hope Unicoin is very successful, but at least it’s not based on words and talk on zero. It’s really based on the outcome of the investment,” Wozniak said of the project.

Edited by Sebastian Sinclair