US Securities and Exchange Commission (Sec) has dismissed their target against Nova LabsThe company that owns the helium network and considers that the project’s symbols are not securities. The move comes when Helium’s Cryptocurrency (Hnt) Enjoy robust market results, dealing with about $ 2.92 with a 7% increase over the past 24 hours.
Nova Labs pays 200,000 dollars fines
Nova Labs agreed to pay a civil penalty of $ 200,000 to resolve fraud without recognizing errors, despite celebrating regulation victories, according to court applications. SEC had claimed that the company had mislead institutional investors in a fundraising round in 2021 and 2022, when it raised $ 200 million at a valuation of $ 1 billion.
According to SEC, Nova Lab’s connections to large companies such as Nestle and Salesforce exaggerate. These were few in number and occurred most before Helium’s network would live in 2019. This company announcement on Sec’s termination did not mention this financial solution.
Today, a big win for Helium and People’s Network marks! SEC has agreed to reject its unregistered securities claims with prejudice. Helium hotspots and distribution of HNT, mobile and IoT via the helium network are not securities. It also means that Sec … pic.twitter.com/vjsbafht8t
– helium🎈 (@helium) April 10 2025
Landmark decisions create precedents for deposit projects
“We can now definitely say that all compatible helium -threats and distribution of HNTIoT and mobile symbols on the helium network are not securities, ” Helium said In a blog post on April 10. The company emphasized that sales of hardware and token distribution for network expansion do not necessarily qualify them as securities.
HNTUSD trading at $2.93 on the 24-hour chart: TradingView.com
This decision sets a significant precedent for decentralized physical infrastructure networks (Depin)))Eradicate legal uncertainty for projects of the same kind that use Cryptocurrency incentives to create physical infrastructure. The ruling signals a fundamental change in regulatory philosophy.
Helium network remains in strong standing despite the back
The Helium network Has approximately 375,000 active hotspots globally. The Blockchain network enables users to create and use WiFi networks that offer distributed wireless infrastructure for mobile and Internet of things (IoT) devices.
Trump -administration signals shift in crypto removal
The dismissal of the Helium case contributes to what seems to be a string of SEC rejections during the Trump administration. The agency has been said to have fallen charges against a number of prominent Cryptocurrency companies such as Coinbase, Binance and Uniswap since US President Donald Trump was responded to service in January.
The time of termination coincides with Paul Atkins who formally takes the place of Gary Gensler as chairman of Securities and Exchange Commission after confirmation of the US Senate.
Enforcement measure against Nova Bra was first submitted in January 2025 and was one of the latest enforcement measures started by Sec under the now formator chairman Gensler before resigning.
According to reports, acting chairman Mark Uyeda and Commissioner Hester Peirce made efforts to dismiss Krypto enforcement cases in the midst of the end of Gensler to Atkin’s confirmation.
Although he is considered crypt -friendly, Atkins has said that he intends to focus on creating a legal framework for digital assets.
Image from How To Justice, Chart from TradingView
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