The SEC has sent a Wells Notice to Unicoin, a US crypto investment firm, indicating their intention to sue the company for fraud, misleading practices, and sales of unregistered securities. Unicoin's CEO, Alex Konanykhin, believes the enforcement actions are politically motivated. The company's lawyers are currently working on a response, with a deadline of December 24. The SEC's actions against Unicoin differ from recent cases involving major crypto companies like Coinbase. The commission has not confirmed or denied the existence of a possible investigation.



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