The SEC has experienced many defeats in their inglorious War on Crypto and their persecution of Unicoin is likely to become yet another major embarrassment.
"The SEC's outrageous lawsuit is an attack not just on Unicoin, but on responsible innovation in the digital asset space. Alex Konanykhin and his team have been transparent, compliant, and forward-looking from the start," said partner Eric Rosen, who founded Dynamis LLP in 2023.
According to partner Michael Homer, a former federal prosecutor who co-leads Dynamis' SEC defense practice with Rosen, "This is the rare crypto company that voluntarily chose to register with the SEC, chose to file audited financial statements, chose to do everything above board to attract the most sophisticated investors. And now, in what appears to be Gary Gensler's parting gift to an industry he did not understand, the SEC has declared war on one of the most compliant and promising companies in the history of crypto. We're going to fight it, all the way."
