Unicoin has responded to the SEC's $100 million fraud lawsuit, claiming that the commission distorted the company's regulatory filings. In its argument to a federal judge, Unicoin asserted that the SEC selectively quoted communications, mischaracterized routine financial optimism as deceit, and ignored the company’s repeated disclaimers of risk. The lawsuit alleges that Unicoin and its executives misled investors by claiming substantial backing for their tokens with real-world assets, which were reportedly overvalued. The SEC accuses Unicoin of falsely stating that it generated $3 billion in rights certificates, although the actual figure stands at $110 million. In its defense, Unicoin contends that such misrepresentation claims are based on out-of-context statements and that proper disclaimers of risk were provided. The company has sought the dismissal of the SEC lawsuit, arguing the agency has failed to meet the required higher standard of proof for securities fraud, which necessitates demonstrable intent to deceive.

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