#BlockBeats

According to BlockBeats, cryptocurrency investment firm Unicoin is gearing up for a legal confrontation with the U.S. Securities and Exchange Commission (SEC). The Miami-based company faces allegations of intentionally violating federal securities laws, specifically concerning registration and anti-fraud provisions.

Unicoin co-founder Alex Konanykhin revealed that the SEC's enforcement division had set an April 18 deadline for the company to engage in settlement negotiations over these charges. With the deadline now passed, Konanykhin has expressed his determination to contest the allegations in court rather than seek a settlement.

"I fully intend to win this case in court," Konanykhin stated in an interview with Decrypt. He criticized the situation as "absurd," arguing that Unicoin, which he describes as the most compliant crypto company in the U.S., is being uniquely targeted by the SEC.