New court documents from the Securities and Exchange Commission show that the regulator is claiming that, due to the fact that more Ethereum nodes are located in the U.S. than in any other country, Ethereum transactions should be considered as “taking place” within the U.S.
Ian Balina Charged for Undisclosed Promotion
The Securities and Exchange Commission (SEC) filed a lawsuit today against crypto YouTuber Ian Balina for allegedly failing to disclose the compensation he received for promoting Sparkster and its token, SPRK. The SEC is also charging Balina for not registering with the regulator before selling some of his own SPRK tokens in his Telegram investing pool.
Sparkster held its initial coin offering (ICO) for SPRK between April and July 2018. Built on Ethereum, Sparkster was pitched as a decentralized cloud network; the project has yet to deliver a product and has been faced with a class-action lawsuit (which Balina joined). According to the SEC’s filing, the company (based...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...