BlockBeats News, April 22nd. According to Decrypt, the cryptocurrency investment firm Unicoin is preparing to face off against Wall Street's top regulatory agency as the U.S. Securities and Exchange Commission (SEC) has indicated it will continue to hold this Miami-based company accountable.
According to Unicoin co-founder Alex Konanykhin, the SEC's enforcement division had engaged in settlement talks with Unicoin as of April 18 on charges of willful violation of registration and anti-fraud provisions in federal securities laws.
This deadline has now passed, and Konanykhin has stated that he has no intention of settling, instead vowing to defend himself in court.
"I fully intend to win this lawsuit in court," he said in an interview with Decrypt. "I find it absurd that the most compliant crypto company in the U.S. is the one being singled out by the SEC."
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