Unicoin Hits Back at SEC, Claims Regulator is Pushing “Fabricated Narrative”
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- Unicoin has filed a motion to dismiss its SEC lawsuit, calling the regulator’s case a “fabricated narrative.”
- The SEC alleges Unicoin and its CEO overstated the value of real estate assets to deceive investors.
- Unicoin’s CEO claims the lawsuit is a politically motivated attempt to block a potential NYSE listing
Digital asset company Unicoin is firing back at the U.S. Securities and Exchange Commission, asking a New York federal court to dismiss the agency’s lawsuit and accusing the regulator of building a “fabricated narrative” against it.
In its motion, Unicoin argues the SEC’s case is based on distorted interpretations and selectively chosen evidence.
What Is Unicoin Accusing the SEC of Doing?
Unicoin asserts that the SEC intentionally misrepresented its actions and regulatory filings. The firm claims the agency took routine financial projections out of context and ignored repeated risk disclosures made to investors.
According to the filing, the SEC “selectively used snippets from communications” to create a misleading picture of the company’s operations.
What Are the SEC’s Original Allegations?
In a May lawsuit, the SEC targeted Uni…
The post Unicoin Hits Back at SEC, Claims Regulator is Pushing “Fabricated Narrative” appeared first on Coin Edition.
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