Unicoin refuses to settle with SEC and will fight the charges in court

according to Decrypt, Miami crypto company Unicoin has been required by the SEC to reach a settlement by April 18 for allegedly violating securities registration and anti-fraud regulations. However, company CEO Alex Konanykhin has refused to compromise and stated that he will sue through the court. The SEC accuses the company of distributing the token UNIC through an airdrop, falsely claiming it is "asset-backed" and "SEC-compliant," and allegedly selling restricted securities without exemption. Konanykhin called the charges a "legacy personnel push from the former Gensler era" and plans to counter-sue the SEC for causing billions of dollars in losses.