SEC moves to dismiss securities lawsuit against crypto influencer Ian Balina
Cryptocurrency influencer and Token Metrics CEO Ian Balina is the latest figure to have an SEC unregistered securities sales case dropped.
According to a May 1 joint stipulation filed in a Texas federal court, the U.S. Securities and Exchange Commission said it “believes the dismissal of this case is appropriate,” and asked the court to end the case without costs or fees to either side.
Balina, who became a well-known figure during the 2017 ICO boom, had already hinted at the outcome last month. In a March 13 post on X, he told followers “it’s official” the SEC was dropping the case, framing it as a broader victory for fairness in the crypto space.
“This was never just about me,” he added.
His…
