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The CEO of Unicoins is serious. They reportedly rejected a settlement request from the SEC. It’s said to be around late April, and it seems they took issue with how the UNIC token distribution method and display were presented.
But this CEO isn’t just refusing; they’re also considering counter-suing. They’re apparently thinking about a damages claim worth billions of dollars. They claim it’s a legacy of the previous SEC administration. On Unicoins’ side, they probably believe that their explanation of "asset-backed" and "SEC-compliant" is legitimate.
These large-scale lawsuits tend to drag on. How far can Unicoins stand their ground, or will they fold midway? Will another major court case start over regulatory issues in the cryptocurrency industry? It’s worth paying close attention.