Washington, DC – Unicoin CEO, Alex Konanykhin, said that he had asked Securities and Exchange US Commission to investigate the crypto operation and had not yet received a response.
Unicoin represented a final blow against the SEC industry of the previous president Gary Gensler, who informed the company in an official opinion at the end of last year that the regulator intended to accuse him of fraud, misleading practices and management of unregistered titles. The investigation was announced in the last days of the administration of President Joe Biden in December, before the leaders of the SEC were taken up by the persons selected by the president of the crypto fan, Donald Trump.
The CEO, who looked at a dozen other cryptography companies, has moved their scope of the agency’s new management, told Coindesk that he wrote a letter of March 17 to the new working group on the agency’s cryptography, asking questions about the investigation.
“I am looking for your advice on the best way to remedy this abuse of power and put it an end,” Konanykhin wrote in the letter, a copy of which was examined by Coindesk. He asked that the case be terminated and that the conduct of the head of the application of the law involved in the agency’s case be examined, because of his “desire for armament to the authority of the dry for political purposes”.
A SEC spokesperson refused to comment on the status of Unicoin on Wednesday. A spokesperson for Unicoin told Coindesk on Tuesday that the company “remained in the final stages of the SEC examination process. For the moment, we have not received any new Update or Official Commentary on our registration. We are fully attached to compliance and transparency, and we continue to work to obtain the necessary approvals for our planned offers.”
The CEO estimates that his company, which suggests that investors can see up to 8,000% of returns, was targeted by agency harassment last year, he said in an interview with Coindesk in Washington.
“They asked us to promise not to make public in the United States, not to ICO, not to collect funds,” he said. “So I wrapped my bags and moved to Europe to resume business.”
He said that Trump’s election and the president’s promises to make the United States the world capital of cryptography brought him back to New York in Switzerland, with the intention of making public here.
“We thought that the war was over, and we said to the dry:” Hey, we resume our activity, “said Konanykhin. At this stage, the agency announced that it intended to target the business with civil accusations.
Konanykhin noted that the regulator accused them of raping the securities laws with an airline. Konanykhin argued that it is a common marketing strategy observed in many cryptographic assets, and this is “what the President of the United States does with his same”.
“It is annoying that the war against the crypto continues,” he said. If the agency continues its war against the crypto by pursuing Unicoin, “I think that so many observers will be surprised.”
Unicoin has started as an effort to create a “more transparent and reliable alternative” to Bitcoin in the United States (which, according to Unicoin’s website, has returned 9 million percent to investors in the past 10 years). He said that some analysts thought that bitcoin was “created by Chinese intelligence, but no one really knows that”.
“I am delighted with the opportunity to participate in making the American the cryptographic capital of the planet when the president undertook that he wanted to do, even if it is very boring to always have the persecution inherited from the dry,” said Konanykhin.
Meanwhile, he said: “We are actively preparing to become public.”
