Unicoin CEO writes to SEC calling for end of investigation

avatar
ODAILY
03-27
This article is machine translated
Show original
Planet Daily News: Unicoin CEO Alex Konanykhin stated that his company is still under investigation and called on the new SEC leadership to drop the charges against Unicoin. Konanykhin said he wrote to the SEC Crypto Task Force on March 17, questioning the investigation's motives and requesting a review of law enforcement officials "weaponizing regulatory power for political purposes". The SEC previously accused Unicoin of fraud, misleading behavior, and issuing unregistered securities before the end of the Biden administration. Konanykhin said the company was forced to promise not to go public in the US, not to raise funds, and not to issue tokens, and had to move to Europe to conduct business. After Trump took office and promised to make the US the "global crypto capital", Konanykhin returned to New York to prepare for listing, but the SEC then announced a civil lawsuit against the company. The SEC's accusation of "illegal airdrops" is essentially a common marketing strategy in the crypto industry, and is even used "when the president issues a meme coin". Konanykhin believes that if the SEC insists on holding the company accountable, "many observers will be shocked". An SEC spokesperson declined to comment on the status of the Unicoin case.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo