Washington, DC – Unicoin CEO Alex Konanykhin said he asked the US Securities and Exchange Commission to pull its investigation against the crypto operation and have not received a response.
Unicoin represented a final shooting against the industry from previous chair Gary Gensler’s Sec, informing the firm with an official notice Late last year the regulator intended to accuse it of fraud, deceptive skills and handling of unregistered security. The investigation was announced in the last days of President Joe Biden administration in December, before the SEC leadership was taken by Crypto fan president Donald Trump.
The CEO, who watched a dozen other crypto companies neglected the hook of their actions in implementing the new agency management, told CoinDesk that he wrote a letter of March 17 in the new Crypto Task force of the agency, who asked about the investigation.
“I’m looking for your guide the best way to meet this abuse of power and finish it,” Konanykhin wrote in a letter, a copy reviewed by CoinDesk. He requested that the matter be completed and that the implementation official involved in the agency’s case would be reviewed, because of his “willingness to grasp the SEC authority for political purposes.”
A speaker for the SEC refused to comment on Unicoin’s status on Wednesday. A Unicoin spokesman in CoinDesk said Tuesday that the company “remained in the final stages of the SEC review process. So far, we have not received any new updates or formal feedback from our registration. We are fully focused on compliance and transparency, and we continue to work towards securing the necessary approved
The CEO believes his company, suggesting Investors can see up to 8,000% returnwas that the harassment agency targeted last year, he said in an interview with CoinDesk in Washington.
“They asked us to promise not to go public to the United States, not to the ICO, not to raise funds,” he said. “So I packed my bags and moved to Europe to continue the business.”
He said Trump’s election and the president’s promise to make the US global Crypto capital that he returned to New York from Switzerland, with the intention of going public here.
“We thought the war was over, and we said to the SEC, ‘Hey, we’re continuing our activity,” Konanykhin said. At that point, the agency announced that it had intended to target the company with civil charges.
Konanykhin noted that the regulator has accused them of breaking security laws with an airdrop. Konanykhin argues that this is a common marketing approach that is seen in many crypto ownership, and “what the US president does in his memecoin.”
“It’s a shame that the war in Crypto is still ongoing,” he said. If the agency continues its war in crypto by continuing Unicoin, “I think many observers will wonder.”
Unicoin began as an effort to create a “clearer and reliable alternative” to Bitcoin in the US (that, the Unicoin website said, has returned 9 million percent to investors in the last 10 years). He said some analysts believe that Bitcoin is “created by Chinese intelligence, but no one knows who.”
“I was happy with the opportunity to participate in making the American crypto capital of the planet as the president promised he wanted to do, even though it was extremely annoying to still have a persecution from the heritage from the SEC,” Konanykhin said.
Meanwhile, he said, “We are preparing actively for going public.”
