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."

ChainCatcher news, the SEC wins the lawsuit against crypto KOL Ian Balina for participating in the promotion of an unregistered cryptocurrency ICO. The judge ruled that Ian Balina's involvement in the 2018 cryptocurrency token ICO violated securities laws, as crypto KOL Ian Balina sold unregistered securities when purchasing Sparkster (SPRK) tokens and offering them to U.S. investors in an investment pool.