Unicoin postponed the attempt at Securities and Exchange Commission of the United States (SEC) to negotiate a settlement agreement to close an ongoing investigation into the Cryptographic Company based in Miami, revealed its CEO Alex Konanykhin in a Tuesday letter to investors.
In his letter, Konanykhin said that Unicoin had received an “ultimatum” by the SEC to attend a settlement negotiation meeting last week on April 18.
“We refused to introduce ourselves,” Konanykhin told Coindesk, adding that the SEC had made requests before the meeting he found “unacceptable”. He refused to share details, telling Coindesk that the communication between the lawyers of Unicoin and the SEC was confidential.
Unicoin received a notice from Wells – a kind of official FIR filming that he intends to take an action in application against the beneficiary – in December, shortly before the former president Gary Gensler moved, alleging violations related to fraud, misleading practices and the offer and sale of unregistered securities. No official application of the law has yet been filed.
Since President Donald Trump took up his duties, the SEC reversed his formerly aggressive position towards the regulation of cryptography, backing up many of his surveys open to cryptographic societies, including the unchanging and non -fungible blockchain games company (NFT) Marketplace Opensea, and even some of his in progress, including against Coinbase and Cuberland DRW.
Other cases of application of the SEC against cryptographic companies, including his affairs against Binance and Tron, were interrupted while the parties try to negotiate a regulation. The agency recently concluded a settlement agreement with Nova Labs, the parent company behind the Helium blockchain, which saw Nova Labs pay a fine of $ 200,000 to settle the accusations of civil securities fraud, and the SEC abandoned its allegations according to which helium (HNT) and other related token were titles.
In his letter to investors, Konanykhin said that the SEC investigation caused “damage of several billion dollars” to the company and its investors.
“We would probably be a company of $ 10 billion + listed on the stock market now if the dry had not blocked our ICO, the rating of the scholarships and the collection of funds,” wrote Konanykhin, adding that the SEC had prevented Unicoin from acting on “very favorable market opportunities”.
“We were forced to stop,” Konanykhin wrote.
The dry did not respond to a request for comments.
