An overlooked part of a lawsuit the SEC filed Monday over a 2018 ICO for Sparkster (SPRK) made the rounds Wednesday. Apparently, the U.S. Securities Commission is angling to assert its regulatory authority over all Ethereum transactions. The computer engineer and data scientist has appeared prominently on investment programs such as CNBC, Forbes, Business Insider, and Entrepreneur Magazine. The SEC filed the civil complaint in Austin, Texas, over the initial coin offering for the Ethereum-based token Sparkster. The commission alleges improper consumer disclosures regarding Ballina’s compensation from the 2018 ICO. That means the Ethereum token doesn’t meet all of CMC’s guidelines for tracked listings.
The SEC is Angling to Take Authority Over All Ethereum Transactions in SPRK Suit
