Hi First name,

Thank you for your interest in Unicoin!

1/ In my previous update, I stated that the pro-crypto legislative changes in the United States are occurring at a frustratingly slow pace. The only new crypto law is related to stablecoins, but even that law will not take effect anytime soon.

Several shareholders inquired about the reasons for the slow pace of progress.

Legislative progress is never fast, and the opposition of major banks to crypto remains at a very high level. The reason is quite obvious: every time you make a payment using crypto, it’s yet another transaction that you don’t make through a bank. Banks don’t want to lose their existing business to crypto, and they lobby hard to derail pro-crypto laws and regulations.

The War on Crypto continues, despite the consistently pro-crypto position of the President. Frustratingly, the SEC Chairman and Commissioners and their personal staff, are prohibited from meeting with any representative of Unicoin (or any other targeted company). Under SEC rules,

To avoid the appearance of favoritism, commissioners generally avoid ex parte meetings or one-on-one meetings with representatives of firms that are the subject of ongoing enforcement matters, rulemakings, or adjudications in which the commissioner will participate.
The SEC’s Code of Ethics and internal protocols also limit communications with parties in matters before the Commission; staff-level contacts generally follow strict clearing/recusal and recordkeeping procedures.

The government shutdown slows the judicial review.

I’m confident that we will prevail, but I cannot provide an optimistic timeline.

In the meantime, we plan to focus on non-U.S. operations, including the upcoming ICO of UnicoinX, discussed in my previous updates.

2/ Today, I’m pleased to share with you a new article by Silvina Moschini, the co-founder and Chief Strategy Officer of our company, published by Investing.com:

Wishing you a pleasant weekend,

Alex Konanykhin
CEO, Unicoin Inc.
Linkedin.com/in/konanykhin
Konanykhin.com
Unicoin.com
1 World Trade Center
85th Floor
New York, NY 10007

P.S.: My updates focus on our journey towards becoming a publicly-traded company and on our efforts to turn our Unicoin into a major cryptocurrency. These updates are my personal opinions not intended to serve as financial advice or to replace our official reports filed with the SEC. Please note that I cannot possibly answer all the questions myself, so your response to this message may be processed by members of our Investor Relations team. “Unicoin USA” term is occasionally used for Unicoin Inc., a Delaware corporation. My past updates can be found at u.site/updates

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