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 see the full article that was published in Law360 on June 6, 2025, click here.
Unicoin and the SEC: A Case Study in Trump-Era Crypto Enforcement
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David Zaslowsky
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David Zaslowsky is partner in the Litigation Department of Baker McKenzie's New York office. He helps companies solve complex commercial disputes in arbitration and litigation, especially those involving cross-border issues and Section 1782 discovery. David has a degree in computer science and, as a result, has worked on numerous technical-related disputes, including, most recently, those involving blockchain and artificial intelligence. In April 2025, Attorney Intel named David one of the top 25 blockchain lawyers in the country. He is the editor of the Firm's blockchain blog and co-editor of the firm's International Litigation & Arbitration Newsletter. David has been included for a number of years in the Chambers USA Guide and Chambers Global Guide for his expertise in international arbitration. He also sits as an arbitrator and is on the roster of arbitrators for a number of arbitral institutions. David sits on the Board and chairs the governance committee of the New York International Arbitration Center, and is a founding member of the International Arbitration Club of New York. For over 35 years, he has written and spoken often on the subjects of arbitration and international litigation.