Unicoin has rejected the attempt of the United States and Securities Commission (SEC) to negotiate a conciliation agreement to close an ongoing investigation into the cryptographic company based in Miami, revealed its CEO Alex Konanykhin in a letter on Tuesday to investors.
In his letter, Konanykhin said the SEC gave him an “ultimatum” to attend a liquidation negotiation meeting last week, April 18.
“We declined to appear,” Konanykhin told Coindesk, adding that the SEC had sued before the meeting found “unacceptable.” He refused to share details, telling Coendesk that the communication between the lawyers of Unicoin and the SEC was confidential.
Unicoin received a war notice, a kind of official Front of the SEC that has the intention of presenting an execution action against the recipient, in December, shortly before former President Gary Gensler resigned, alleging rapes related to fraud, deceptive practices and the offer and sale of unregistered values. An official compliance action has not yet been presented.
Since President Donald Trump assumed the position, the SEC has reversed his position once aggressive towards cryptographic regulation, retreating many of his open investigations on cryptographic companies, including the immutable blockchain games firm and the non -fungible token market (NFT) Opensa, and even some of its ongoing litigation, including against Coinbase and CUMBERLAND DRW.
Other cases of application of the SEC against cryptographic companies, including their cases against Binance and Tron, have stopped while the parties try to negotiate an agreement. The agency recently arrived at a conciliation agreement with Nova Labs, the parent company behind Helium Blockchain, which saw Nova Labs pay a fine of $ 200,000 to liquidate the charges of fraud of civil values, and the SEC withdrew its statements that Helium (HNT) and other related tokens were values.
In his letter to investors, Konanykhin said that the research of the SEC has caused “multimillionaire damage” to the company and its investors.
“We are probably a company that quotes in $ 10b+ stock market if the SEC had not blocked our ICO, the list of values and the collection of funds,” Konanykhin wrote, and added that the SEC had prevented Unicomunteas from acting on the “very favorable market opportunities.”
“They were forced to stop,” Konanykhin wrote.
The SEC did not respond to a request for comments.
