Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13322
Markets: 92391
Crypto Token Tracker logo Crypto Token Tracker logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
Market Cap
24h Vol
13322
Cryptocurrencies
53.66%
Bitcoin Share
BitcoinSistemi 2024-12-17 07:45:06

SEC Sends Altcoin Wells Notice Days Before Gary Gensler Leaves Office!

SEC Sends Altcoin Wells Notice Days Before Gary Gensler Leaves Office!

US SEC Chairman Gary Gensler is expected to step down in about a month, but Gensler is determined to continue the SEC’s aggressive stance against the cryptocurrency industry until his final days in office. The SEC has sent a Wells Notice to US-based cryptocurrency investment firm Unicoin. A Wells Notice is a preliminary notice letter that notifies an individual or company that the institution plans to file a lawsuit. According to Fortune, the SEC is accusing Unicoin of fraud, deceptive practices, and selling unregistered securities. However, the details of the breaches were not specified in the Wells Notice. The deadline for Unicoin to respond to the Wells Notice was stated as December 24. Speaking to Fortune, Unicoin CEO Alex Konanykhin revealed that the company has sold around $3.5 billion worth of tokens and attracted around 70,000 investors. He added that these tokens are backed by tangible assets, including 8,000 acres of land in the Bahamas. “I can say only one word about the SEC's action: nonsense. Complete and absolute nonsense,” Konanykhin said. *This is not investment advice. Continue Reading: SEC Sends Altcoin Wells Notice Days Before Gary Gensler Leaves Office!

Most Read News

Market Cap
24h Vol
53.66%
Bitcoin Share
324
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.