SEC files to drop crypto promo case against YouTuber Ian Balina

The US Securities and Exchange Commission has filed to drop another of its crypto lawsuits, this time its unregistered securities sales case against crypto influencer and YouTuber Ian Balina.  The SEC said in a May 1 joint stipulation with Balina to an Austin federal court that it “believes the dismissal of this case is appropriate,” citing the work of the agency’s Crypto Task Force. The agency didn’t give a reason for wanting to dismiss its case, but said its decision “does not necessarily reflect the Commission’s position on any other case. ”Balina told Cointelegraph in March that the SEC had informed him it would recommend the court dismiss the case and claimed the agency’s actions were based on a shift in the agency’s priorities source: https://cointelegraph.com/news/sec-to-drop-crypto-promo-case-against-youtuber-ian-balina?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound