SEC goes to reject securities lawsuit against crypto influence Ian Balina

Criptocurrenci The influence and director of the IAN Balin Token Metrics is the latest figure to reduce the value section.

According to 1. May Joint provision Filed in Texas Federal Court, US Securities Commissions and exchanges said that “believes that this case was appropriate” and requested the court to end the cost without costs or fees on both sides.

Balina, which became a famous digit during ICO BUM 2017, but accumulated in the outcome last month. At the post 13. March on the X said that the companions “,” SCER-A, shifted the case, framing him as a broader victory in the crypton space.

“This was never just about me,” he added.

Its AI-driven investment research platform, token metrics, echoed the feeling in a separate position, while suggesting a dismissal could indicate a larger shift in the implementation of trends. Look down.

While the Commission did not provide a certain reason for dismissal, it stated in the common provision that the move “does not necessarily reflect the position of the Commission on any other case”.

Balana case Dates at 2022When she was seized that she had violated the laws of federal securities by promoting and reselling the Sprk Token, related to the project called Sparkster, without registering the offer or discovering that it was reimbursed.

In the center of the case, he was investor in investing in Balin Telegram allegedly formed with about 68 individuals, where she has been previously reproduced by SVRK tokens worth $ 5 million, which he bought with 30% of promotional efforts.

At that time, the Commission claimed that these tokens were unregistered securities and said Balina did not meet the obligations of disclosure.

In May 2024. The Court wasted With key, ruling that Sprk tokens were securities under the Hoveka test and that American laws on securities applied to Balin’s behavior.

The Court also said that Balana acted as a fuse redistribution of tokens through his investment pool.

While Balana tried to completely eject the case, the judge denied his movement and allowed the charges in Section 17 (B), in terms of undisclosed promotion.

It is worth noting that this shine and its executive director previously noticed populated With SEC 2022. years after he agreed to pay over $ 35 million for affected investors.

In recent months, SEC has deviated with several high-speed cryptological actions for crypting, withdrawal from cases related to large platforms such as binance, coinbase, Kraken, Slave, UnisvapGemini and Openzea.

They included a number of allegations, from unregistered sales of securities in the wider regulatory regulatory offenses, which are now falling under current administration.

As previously reported by Cripto.News, 23. April, Commission discarded Similar charges against HEK Founder Richard Heart.