Token Metrics CEO claims that the U.S. SEC will withdraw its lawsuit against them

2025-03-13 13:56:40

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ChainCatcher news, Token Metrics CEO Ian Balina said on Wednesday that he expects the U.S. Securities and Exchange Commission (SEC) to dismiss the lawsuit against him, thus ending a three-year legal battle over allegations of violating U.S. securities laws. "This is official news: the SEC will dismiss the charges against me," Balina wrote on Twitter. "This was never just about me, but about fairness in cryptocurrency." The allegations against Balina stem from a September 2022 order stating that he failed to disclose the compensation he received while promoting the Sparkster (SPRK) initial coin offering. To support the CEO's claim, Token Metrics stated on Twitter on Monday that the allegations have been "dismissed," adding that "enforcement trends may be shifting."

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