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TechFlow reported, according to Cointelegraph, that the U.S. SEC has won a lawsuit against crypto KOL Ian Balina for promoting unregistered cryptocurrency ICOs. The judge ruled that Ian Balina's participation in the 2018 crypto token ICO violated securities laws, as he sold unregistered securities by purchasing Sparkster (SPRK) tokens and offering them to U.S. investors through an investment pool.
According to Cointelegraph, the U.S. SEC has won its lawsuit against crypto KOL Ian Balina for promoting an unregistered cryptocurrency ICO. The judge ruled that Ian Balina's involvement in the 2018 crypto token ICO violated securities laws, as he sold unregistered securities by purchasing Sparkster (SPRK) tokens and offering them to a pool of U.S. investors.
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