SEC Charges Unicoin: Legal Expert Weighs In on Fraud Allegations
David says, "The Unicoin case shows the SEC's commitment to prosecuting blatant fraud." He highlights accusations of falsely claiming $1.4B backing for tokens, with only $300M allegedly available. Otto emphasizes, "Fraud is fraud, and the Howey Test remains crucial for crypto evaluations." He anticipates more crypto relief but doubts Unicoin will benefit.