"Gensler-style Virtual Asset Regulation Continues"... U.S. SEC Sends Wells Notice to Unicoin
Suehyeon Lee
Summary
- The SEC reportedly sent a Wells Notice to Unicoin, demanding a pre-litigation explanation.
- Unicoin is reportedly facing a lawsuit for fraud and unregistered securities issuance.
- Unicoin's deadline to respond to the Wells Notice is the 24th.
The U.S. Securities and Exchange Commission (SEC) seems poised to continue its battle with the virtual asset (cryptocurrency) industry until Chairman Gary Gensler steps down.
According to Fortune Crypto on the 17th (local time), the SEC has sent a Wells Notice to Unicoin, demanding a pre-litigation explanation from the target of a potential lawsuit.
The SEC is reportedly planning to file a lawsuit against Unicoin for fraud and unregistered securities issuance and sale. Unicoin's deadline to respond to the Wells Notice is the 24th.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
