WASHINGTON, DC – Unicoin CEO Alex Konanykhin has not yet received a response saying he asked the Securities and Exchange Commission to elicit a survey into Crypto operations.
Unicoin represented the final shot against the industry from former Chair Gary Gensler’s SEC. Gary Gensler’s SEC informed us in an official notice at the end of last year that it intended to condemn fraud, deceitful practices and the processing of unregistered securities. The investigation was released on the final day of President Joe Biden’s administration in December before the SEC leadership was taken over by the choices of Crypto fans President Donald Trump.
Seeing dozens of other crypto companies, the CEO unhooked the hook for enforcement action by the agency’s new management team, wrote to Coindesk for March 17 to the new Crypto Task Force to inquire about the investigation.
“I want your guidance on the best way to deal with this abuse of power and to end it,” Konanikin wrote in the letter. The copy was reviewed by Coindesk. He requested that the matter be terminated and the conduct of enforcement officers involved in the agency’s litigation be reviewed in order to “an willingness to weaponize SEC’s authority for political purposes.”
A SEC spokesman declined to comment on Unicoin’s status on Wednesday. A spokesman for Unicoin told Coindesk on Tuesday that it remains in the final stages of the SEC review process. Currently, we have not received new updates or formal feedback from the SEC regarding registrations. We are fully committed to compliance and transparency and continue to work to ensure the approvals needed for planned delivery. ”
The CEO believes his company, which suggests investors can see returns of up to 8,000%, was targeted for agency harassment last year, he said in an interview with Coindesk in Washington.
“They promised us not to publish it in the US and asked us not to raise funds, not ICOs,” he said. “So I packed my bags and moved to Europe to resume business.”
He said Trump’s election and presidential promises that made the United States a global crypto capital have returned from Switzerland to New York in an attempt to make him public here.
“We thought the war was over, and we told the SEC, “Hey, we’re going to resume our activities,” Konanikan said. At that point, the agency announced it intended to target the company in a civil charge.
Konanykhin pointed out that regulators accused them of violating securities laws with airdrops. Konanykhin claimed that it is a common marketing strategy found in many crypto assets, and is “what the US president is doing with his memo coin.”
“It’s embarrassing that the war with codes is still ongoing,” he said. If an institution continues its war with crypto in pursuit of Unicoin, “I think so many observers will be surprised.”
Unicoin began as an effort to create a “more transparent and reliable alternative” to US Bitcoin (according to the Unicoin website, it has returned 9 million percent to investors over the past decade). He said some analysts believe Bitcoin was “created by China’s intelligence news, but no one actually knows anyone.”
“I am delighted at the opportunity to take part in making Americans the crypto capital of the Earth, as the President has vowed to do.
Meanwhile, he said, “We are actively preparing to make it public.”
