Miami-based crypto company Unicoin is preparing for legal battles against the SEC, which has proposed charges against the firm for alleged violations of federal securities laws. CEO Alex Konanykhin stated that Unicoin was given a settlement deadline of April 18, which it has since passed, as the company intends to contest the charges in court. The SEC accuses Unicoin of violating registration and antifraud provisions, including allegations of falsely representing tokens as 'asset-backed' and misreporting token sales figures. Konanykhin argues that these charges stem from internal resistance within the SEC and claims that his firm is being unfairly targeted while other compliant firms have received leniency under the new administration. The SEC has signaled its commitment to pursue fraud cases, despite a broader environment of regulatory change following previous leadership.

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