#USChinaTensions Unicoin is preparing for a legal battle with the SEC over alleged violations

AI Summary

According to BlockBeats, the cryptocurrency investment company Unicoin is preparing for a legal confrontation with the U.S. Securities and Exchange Commission (SEC). The Miami-based company is accused of willfully violating federal securities laws, particularly regarding registration and anti-fraud provisions.

Unicoin co-founder Alex Konanykhin stated that the SEC's enforcement division set April 18 as the deadline for the company to begin negotiations to settle these allegations. As the deadline has passed, Konanykhin expressed his determination to contest the charges in court rather than seek a settlement.

"I fully intend to win this case in court," Konanykhin said in an interview with Decrypt. He criticized the situation as "absurd," claiming that Unicoin, which he describes as the most compliant crypto company in the U.S., is a unique target for the SEC.