Unicoin CEO Requests SEC to End Investigation Amid Ongoing Scrutiny
Unicoin CEO Alex Konanykhin has requested the U.S. Securities and Exchange Commission (SEC) to halt its investigation into his company, which faces allegations of fraud and unregistered securities. Key points include:
- The SEC's investigation began in December 2022 under former Chair Gary Gensler.
- Konanykhin sent a letter to the SEC’s Crypto Task Force on March 17, seeking guidance to end what he describes as agency harassment.
- He claims other crypto firms have been cleared by the new SEC management, indicating a shift in enforcement policy.
- Unicoin asserts it remains committed to compliance and is in the final stages of the SEC review process.
- Accusations against Unicoin include violations related to an airdrop, which Konanykhin argues is a standard marketing strategy in the industry.
- Despite challenges, Unicoin aims to establish itself as a transparent alternative to Bitcoin and is preparing for a public offering.
Konanykhin expressed frustration over ongoing regulatory pressure, stating that it undermines efforts to position the U.S. as a global crypto hub.