Washington, DC – Unicoin’s CEO, Alex Konanykhin, said he asked the US stock and values commission.
Unicoin represented a final shooting against the sec industry of the previous president Gary Gensler, who informed the firm in an official notice at the end of last year that the regulator intended to accuse him of fraud, deceptive practices and management of unregistered values. The investigation was announced in the last days of the administration of President Joe Biden in December, before the leadership of the SEC were assumed by those selected by Crypto president, Donald Trump.
The CEO, which has seen a dozen other cryptographic companies leaves the hook of its execution actions by the new administration of the agency, told Coindesk that he wrote a letter from March 17 to the new Crypto task force of the agency, asking about the investigation.
“I look for its orientation about the best way to address this abuse of power and put it at last,” Konanykhin wrote in the letter, a copy of which has been reviewed by Coindesk. He requested that the matter be finished and the conduct of the execution official involved with the agency’s case, due to its “will to assemble the author’s authority for political purposes.”
A SEC spokesman declined to comment on the State of Unicoin on Wednesday. A Unicoin spokesman told Coindesk on Tuesday that the company “remains in the final stages of the review process of the Sec. From now on, we have not received any new update or formal comments of the SEC regarding our registration. We are totally committed to compliance and transparency, and continue working to obtain the necessary approvals for our planned offers.”
The CEO believes that its company, which suggests that investors can see up to 8,000% returns, was attacked by the agency’s harassment last year, he said in an interview with Coindesk in Washington.
“They demanded that they promised not to make public in the United States, not ICO, not to raise funds,” he said. “So I packed my bags and moved to Europe to resume business.”
He said that Trump’s election and the promises of the president of making the United States the global capital of the cryptography made him return to New York from Switzerland, with the intention of making public here.
“We thought the war was over, and we told the SEC: ‘Hey, we are resuming our activity,” Konanykhin said. At that time, the agency announced that it intended to go to the company with civil positions.
Konanykhin said the regulator had accused them of violating the securities laws with an Airdrop. Konanykhin argued that it is a common marketing strategy that is seen in many cryptographic assets, and is “what the president of the United States is doing with his memecoin.”
“It is shameful that the war against cryptography still continues,” he said. If the agency continues its war against cryptography by chasing Unicoin, “I think many observers will be amazed.”
Unicoin began as an effort to create a “more transparent and reliable alternative” to Bitcoin in the USA. (Which, according to the Unicoin website, has returned 9 million percent to investors in the last 10 years). He said some analysts believe that Bitcoin was “created by Chinese intelligence, but nobody really knows who.”
“I am euphoric for the opportunity to participate in making Americans the cryptographic capital of the planet, since the president promised to do, although it is very annoying to have the persecution inherited from the SEC,” Konanykhin said.
Meanwhile, he said: “We are actively preparing to make public.”
