Recently the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Unicoin, a move that sent shockwaves through the international crypto community.
Make no mistake - This legal action is not only unwarranted—it represents a broader, troubling pattern of regulatory overreach that threatens the very future of financial innovation in America.
The timing is especially troubling. Just one day before this lawsuit, SEC Commissioner Hester Peirce—Chair of the agency’s Crypto Task Force—publicly stated that cryptocurrency projects like Unicoin should not fall under the SEC’s regulatory jurisdiction. Her statement reflected a growing consensus: cryptocurrencies, particularly those designed with transparency and investor protection in mind, deserve regulatory clarity—not hostile legal action.
Unicoin has led by example - We are the only publicly reporting cryptocurrency company in the United States, having voluntarily submitted years of audited financials and detailed SEC filings. Few, if any, crypto enterprises have demonstrated a comparable level of regulatory transparency and investor communication.
Yet despite this track record, Unicoin has been subjected to escalating pressure from the SEC—pressure that intensified just as we prepared for major milestones, including a public listing on both stock and crypto exchanges.
In early 2024, following the launch of a large-scale advertising campaign to educate and attract new investors, the SEC began discouraging our listing efforts. This campaign of intimidation forced us to postpone plans that could have seen Unicoin become a $10 billion+ public company in the immediate term, opening up access to institutional capital and delivering value to thousands of investors globally.
And yet ours isn’t an isolated case.
The SEC’s aggressive stance on digital assets—often dubbed the “War on Crypto”—has already chilled innovation and driven promising projects offshore. According to a 2023 report by Electric Capital, over 80% of new crypto developer activity is now based outside the United States, a stark reversal from previous years.
Investors are paying the price: billions in value have been lost, not because of market failure, but because of legal uncertainty and agency overreach.
What makes this lawsuit particularly egregious is that Unicoin previously passed two separate SEC investigations without issue. Our project has been publicly featured on the Unicorn Hunters show alongside respected financial leaders, including former U.S. Treasurer Rosie Rios. In my frequent investor updates, I’ve transparently disclosed our policies, milestones, and objectives—a rare level of openness in the crypto space.
To be clear: we intend to vigorously defend ourselves in court. But this legal battle isn’t just about Unicoin. It’s about whether U.S. regulators will support or suppress responsible innovation. It’s about whether a transparent and compliant cryptocurrency company, a ‘Made In America’ cryptocurrency company dedicated to fulfilling the mission of the Trump Administration to make America the Crypto Capital of the world, will be rewarded for doing the right thing—or punished for daring to challenge the status quo.
We call on all applicable oversight bodies to investigate this misuse of power. We call on the American public to demand smarter regulation that protects investors and promotes innovation.
And above all, we call on the SEC to remember its mandate: to protect investors, maintain fair markets, and facilitate capital formation—not to crush it.
The future of finance should be open, fair, and accessible. We will continue to fight for that vision—and for every entrepreneur, developer, and investor who believes in it.
