Unicoin refuses to settle with SEC and will fight the charges in court
according to Decrypt, Miami crypto company Unicoin has been required by the SEC to reach a settlement by April 18 for allegedly violating securities registration and anti-fraud regulations. However, company CEO Alex Konanykhin has refused to compromise and stated that he will sue through the court. The SEC accuses the company of distributing the token UNIC through an airdrop, falsely claiming it is "asset-backed" and "SEC-compliant," and allegedly selling restricted securities without exemption. Konanykhin called the charges a "legacy personnel push from the former Gensler era" and plans to counter-sue the SEC for causing billions of dollars in losses.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Is the Senate Stablecoin Bill Dead? Here's What's Going On
Bitcoin Price Forecast: BTC Reaffirms $110K Target Following Softest US CPI Print Since 2021
Ethereum outshines Coca-Cola and Alibaba after a jump in market cap
Nexchain Raises $1.5 Million in Presale: Is This the Top ICO of 2025?
Nexchain has actual tech, a trustworthy team, a clear plan, and a utility and long-term coin. Its $1.5 million early success is more than hype, it shows that seasoned investors see the possibilities.Nexchain: Best Crypto ICO of 2025Other Major Crypto Presales to Look Out ForFinal Words: Nexchain, the High-Potential ICO to Invest In
Trending news
MoreCrypto prices
More
