PANews reported on April 4 that Alex Konanykhin, co-founder of crypto investment company Unicoin, said he hopes the SEC will end its investigation into his company and join the ranks of crypto companies that have escaped regulatory lawsuits. Previously, the SEC filed charges of fraud and unregistered securities against Unicoin during the Biden administration, forcing it to move its business to Europe and stop fundraising in the United States. Konanykhin called the accusation unfounded and stressed that Unicoin has been publicly reporting transaction records and financial data.

Earlier news, the US SEC has issued a Wells notice to the crypto investment company Unicoin .