22-4-2025 – Investment firm Unicoin has thrown down the gauntlet to the Securities and Exchange Commission (SEC), rejecting settlement talks in favour of a courtroom showdown.
The firm’s co-architect, Alex Konanykhin, has adopted a defiant stance against the regulatory body’s accusations of deliberate securities law infractions. His rebuff of the SEC’s 18 April settlement deadline signals an unprecedented confrontation between the Miami enterprise and the federal overseer.
“This entire affair borders on the preposterous,” Konanykhin declared to Decrypt, mounting a spirited defence of his organisation. He maintains that Unicoin stands as America’s most regulation-adherent cryptocurrency venture, questioning the rationale behind what he perceives as selective enforcement.
The regulatory body’s enforcement wing has levelled serious charges against Unicoin, citing violations of fundamental securities legislation. At the heart of the dispute lie allegations concerning both registration requirements and anti-fraud provisions, marking another chapter in the SEC’s intensifying scrutiny of digital asset ventures.
