On April 22, according to Decrypt, the crypto investment company Unicoin is preparing to go to court with Wall Street's top regulatory body, as the U.S. Securities and Exchange Commission (SEC) has indicated it will continue to pursue the Miami-based company.
According to Unicoin co-founder Alex Konanykhin, the SEC's enforcement division had given Unicoin a deadline of April 18 to negotiate a settlement regarding allegations of intentional violations of federal securities laws' registration and anti-fraud provisions.
This deadline has now passed, and Konanykhin stated that he has no intention of reaching a settlement, but instead vows to defend himself in court.
"I fully intend to win this case in court," he said in an interview with Decrypt. "I think it's ridiculous that the most compliant crypto company in the United States is the only one being pursued by the SEC."
