According to Odaily Planet Daily, the U.S. Securities and Exchange Commission (SEC) has won a lawsuit against cryptocurrency KOL Ian Balina. The judge ruled that Ian Balina violated securities laws in the crypto token ICO he participated in in 2018. After purchasing Sparkster (SPRK) tokens, Ian Balina provided them to U.S. investors in the investment pool, which constituted the sale of unregistered securities.