SEC files to drop Cripto Promo case against YouTuber Ian Balina

The U.S. Commission for Securities and Exchange has submitted to give up on its cryptian lawsuits, this time they are unregistered sales case of securities against the CRIPTO influence and Youtuber Ian Balin.

SEC has said in a common provision 1. May with a ballin with a Federal Court Austin to “believe that this case’s dismissal,” citing the work of the CRIPTO Working Group Agency.

The Agency did not give a reason to want to reject their case, but said that his decision “does not necessarily reflect the Commission’s position on any other case.”

Balina said Conistelegraph in March that SEK was informed it It would recommend the Court to reject the case and claimed that the actions of the Agency were based on the crossing of the Agency’s priority.

“It is obvious that the new Pro-Crypta administration,” Balina said. Sex saw a change in leadership under American President Donald Trum, who appointed former crypto lobbyist Paul Atkins to chair the agency.

The joint provision claimed to resolve also to preserve the resources of the court “without costs or fees to any party.”

Balina is the General Manager of Token Metrics, CRIPTO influence with 140,000 followers in KS, and Youtuber to which SEC has accused the CRIPTO projects, especially during the Board of Board (Anyone) Boom Circa 2017

SEC was in 2022 years sued Balin, claimed to conduct unregistered securities offered by Šurcha (SRK) tokens when formed an investment pool on telegram in 2018. years.

Sex claimed that Investors based on American participated in the Balin’s investment pool, using ether (El), who confirmed the network of nodes “who are grouped in any other country in the United States.”

Related: SEC falls the investigation into StableCoin Paypal

The Court also made a SEC and in May 2024. He ruled that Sprk was an investment agreement Under American laws on securities, where investors teamed money into a joint venture expecting profits due to the effort of others.

Shift crypto policy

This move is the latest on the long list of court actions related to the crypt, which the sec was abolished under the favorable attitude of the Trump administration towards the industry.

During the past month, several cases have fallen and left more research against cryptian companies, including against coinbase, Ripple, Kraken, OpenSea and PayPal’s StableCoin.

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