Token Metrics CEO Ian Balina said Wednesday that he expects the Securities Exchange Commission (SEC) to drop its case against him, ending a three-year legal battle over allegations that he violated U.S. securities laws.
"It's official: the Securities Exchange Commission will drop the indictment against me," Balina tweeted. "It's never just about me, it's about the fairness of cryptocurrencies." Balina's charges stem from a September 2022 order that he failed to disclose what he was paid for promoting the Sparkster (SPRK) initial coin offering.
In support of the chief executive's claims, Token Metrics tweeted on Monday that the charges had been "dropped", adding that "law enforcement trends may be shifting".
Token Metrics CEO says SEC will drop lawsuit against him
2025-03-13 05:50:45
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