SEC files to drop crypto promo case against YouTuber Ian Balina
From Cointelegraph
May 2, 2025 12:18am:
The US SEC drops unregistered securities case against crypto influencer Ian Balina, citing work of Crypto Task Force. Balina claims SEC’s actions based on shift in priorities, new pro-crypto administration. SEC sued Balina in 2022 for conducting unregistered securities offering of Sparkster tokens. Court ruled SPRK was an investment contract under US securities laws. SEC drops multiple crypto-related court actions under Trump administration’s favorable stance towards industry, including cases against Coinbase, Ripple, Kraken, OpenSea, and PayPal’s stablecoin.
Read more at Cointelegraph: SEC files to drop crypto promo case against YouTuber Ian Balina