SEC Charges Crypto Influencer, Appears To Suggest All Ethereum (ETH) Transactions Fall Under US Jurisdiction

SEC Charges Crypto Influencer, Appears To Suggest All Ethereum (ETH) Transactions Fall Under US Jurisdiction


The U.S. Securities and Exchange Commission (SEC) is filing charges against crypto influencer Ian Balina for his alleged involvement in the 2018 initial coin offering (ICO) of the SPRK token.

In a complaint filed with the U.S. District Court for the Western District of Texas on September 19th, the SEC says it is taking legal action against Balina for allegedly promoting and selling the crypto asset, which the regulator claims is an unregistered security.

The SEC further accuses the YouTuber of failing to disclose the amount he received from the coin’s issuer, software development firm Sparkster, and having his own unregistered offering of SPRK.

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“Although he agreed to receive a 30% bonus from Sparkster on the tokens he purchased in the Sparkster Offering, Balina never

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