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Unicoin rejects SEC's law enforcement investigation and settlement request

Internet reports that Unicoin CEO Alex Konanykhin revealed in a letter to investors on Tuesday that Unicoin rejected the U.S. Securities and Exchange Commission's attempt to negotiate a settlement to end its investigation into the Miami-based cryptocurrency company. The U.S. SEC issued a Wells notice to Unicoin in December last year, stating that enforcement action might be taken against suspected securities violations. Unicoin's CEO claims that the SEC's actions have seriously damaged the company's financial prospects.

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