On May 20, 2025, the U.S. Securities and Exchange Commission (SEC) filed a sweeping enforcement action against Unicoin Inc., a New York-based crypto company, and several of its senior executives. The lawsuit, which alleges a $100 million fraud scheme affecting thousands of investors, stands as one of the most high-profile crypto enforcement actions of the year. It also offers a revealing lens into the SEC’s evolving enforcement posture under the Trump administration’s second term.  To…

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