The post Unicoin CEO Seeks SEC Probe Dismissal Amid Easing Crypto Regulations and Recent Case Resolutions appeared on BitcoinEthereumNews.com.

Unicoin’s CEO Alex Konanykhin is calling on the SEC to cease its investigations against the company, reflecting a broader shift in regulatory stance towards the crypto industry. The SEC’s recent dismissals of numerous high-profile crypto cases signal a potential thaw in its previously aggressive posture, creating an optimistic environment for companies like Unicoin. In an op-ed for the Miami Herald, Konanykhin expressed hope, stating, “We would like to be next,” as he acknowledged the SEC’s retreat from its former enforcement-heavy strategy. Unicoin’s CEO urges SEC to end its probe amid broader shifts in regulatory stance; numerous crypto cases have been dismissed recently. Potential Shift in Regulatory Landscape: Unicoin’s Appeal The SEC‘s shift away from an aggressive regulatory approach could greatly benefit Unicoin. With notable dismissals of major cases involving giants like Coinbase and Binance, Unicoin is seeking to establish itself beyond the SEC’s scrutiny. Konanykhin’s claims highlight a key trend where many firms can now operate without the looming threat of enforcement actions, a notable departure from previous months when aggressive probes were commonplace following the FTX collapse. Unicoin’s Regulatory Journey and Legal Challenges Initially, Unicoin was embroiled in controversy when the SEC initiated an enforcement action late last year. This was perceived as a continuation of the aggressive regulatory moves under former Chairman Gary Gensler, who was accused of a stringent approach towards crypto innovation. Allegations against Unicoin included fraud and the handling of unregistered securities. Konanykhin, however, vehemently denied these allegations, labeling them as “complete and utter bullshit” in a statement to Fortune. Understanding Unicoin’s Position Amidst Regulatory Changes Despite Unicoin’s claims of transparency through public audits and reports, it has yet to formally register its token as a security with the SEC, which raises questions about its operational legitimacy. The firm has reported significant sales of its…

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Filed under: News - @ April 4, 2025 3:27 am