SEC Litigation: Federal Court Rules That Crypto Influencer Conducted Unregistered Offering of Crypto Asset Securities
May 24, 2024
May 24, 2024
WASHINGTON, May 24 -- The Securities and Exchange Commission issued the following litigation release (No. 1:22-CV-00950-DAE; W.D. Tex. filed Sept. 19, 2022) involving Ian Balina:
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On May 22, 2024, the U.S. District Court for the Western District of Texas granted partial summary judgment to the Securities and Exchange Commission against crypto influencer Ian Balina. The Court held that the Balina offered and sold crypto assets called SPRK Tokens as securities in unr . . .
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On May 22, 2024, the U.S. District Court for the Western District of Texas granted partial summary judgment to the Securities and Exchange Commission against crypto influencer Ian Balina. The Court held that the Balina offered and sold crypto assets called SPRK Tokens as securities in unr . . .