{"id":67932,"date":"2022-09-30T19:50:02","date_gmt":"2022-09-30T16:50:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=67932"},"modified":"2025-09-07T09:16:18","modified_gmt":"2025-09-07T06:16:18","slug":"ian-balina-launches-fundraiser-to-fight-the-sec","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ian-balina-launches-fundraiser-to-fight-the-sec\/","title":{"rendered":"Ian Balina launches fundraiser to fight the SEC"},"content":{"rendered":"

Crypto investor and YouTube blogger Ian Balina launched<\/a> a fundraising campaign on the GoFundMe platform to finance a ‘fight against the SEC’.<\/p>\n

According to the report, Balina intends to speak on ‘behalf of the entire crypto community’ against regulator abuses. In particular, he cited the regulator’s expanded definition of the term ‘security’.<\/p>\n

In three days the blogger had raised $1,192 of the $25,000 target.<\/p>\n

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Source: GoFundMe.<\/figcaption><\/figure>\n

In late September the SEC<\/a> accused Balina of involvement in the unregistered ICO Sparkster. The commission also noted that transactions to the blogger’s Ethereum wallet were processed by nodes located in the United States and, accordingly, were conducted under the regulator’s jurisdiction.<\/p>\n

The incident sparked outrage<\/a> in the crypto community. Cinneamhain Ventures partner Adam Cochran called the SEC’s actions ‘unacceptable’.<\/p>\n

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2\/2<\/p>\n

Rather than take on a simple case, the SEC is trying to use this to set precedent claiming that ALL OF CRYPTO is under SEC’s jurisdiction.<\/p>\n

This is an absolutely unacceptable overstep that will have to be pushed back against aggressively.<\/p>\n

\u2014 Adam Cochran (adamscochran.eth) (@adamscochran) September 19, 2022<\/a><\/p><\/blockquote>\n