Ian Balina

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26302 / May 2, 2025

U.S. Securities and Exchange Commission v. Ian Balina, No. 1:22-CV-00950-DAE (W.D. Tex. filed Sept. 19, 2022)

SEC Announces Dismissal of Civil Enforcement Action Against Ian Balina

On May 1, 2025, the Securities and Exchange Commission filed a joint stipulation with Ian Balina to dismiss, with prejudice, the Commission’s ongoing civil enforcement action against him.

The Commission’s decision to exercise its discretion and dismiss this pending enforcement action rests on its judgment that the dismissal will facilitate the Commission’s ongoing efforts to reform and renew its regulatory approach to the crypto industry, not on any assessment of the merits of the claims alleged in the action. Furthermore, as stated in the joint stipulation, “the Commission’s decision to seek dismissal of this Litigation does not necessarily reflect the Commission’s position on any other case.”