Miami -based crypto company Unicoin, the US Securities and the Stock Exchange Commission (SEC) by the investigation carried out by the conciliation of the investigation of agreement to participate. Alex Konanykhin, CEO of the company, said in a letter to investors that SEC offered an offer to take part in the reconciliation meeting that reached them.
SEC claims
SEC, the company did not comply with the arrangements, making allegations, fraud, misleading practices and indifferent securities sales of the reasons for investigation. The company reported that the SEC plans to initiate sanctions in the future within the scope of the Wells notification sent to him last December. This development came up just before the former president Gary Gensler left his duty.
Unicoin explanations
Unicoin’s CEO said that SEC made requests from them, but these demands are unacceptable. It is known that the negotiations between the lawyers of the company and the SEC were carried out on the basis of confidentiality. Furthermore, the company reported that the company was not present at the date when SEC demanded reconciliation negotiations.
Alex Konanykhin: “We refused to come. The demands of the SEC were unacceptable and this situation caused billions of dollars of damage to our company.”
The SEC showed a more cautious approach to the crypto market. In this context, investigations were either suspended or the proceedings were reviewed in companies such as Immutable, OpenSEA, Coinbase and Cumberland Drw.
The SEC had reached a compromise with Nova Labs behind the Helium network and prepared the ground for the company’s penalty of $ 200,000 for the criminal offense charges. On the other hand, some issues such as Binance and Tron continue to re -evaluate the processes.
Konanykhin, SEC’s last year’s move as a result of the company’s public offering, ICO and stock market listing, such as the opportunity to prevent opportunities such as, “Currently transformed into a company that will be traded with more than 10 billion dollars,” he said.
These developments increase the expectation of more transparency and communication regarding the activities of the regulatory institution and related companies. While investors closely follow the effects of the decisions to be taken in the process of the process on the market, additional explanations are expected about the differences of opinion between the parties.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
