U.S. SEC drops case against Helium developer Nova Labs 

The Securities and Exchange Commission of the United States officially abandoned its case accusing Nova Labs, the team behind the helium network, of selling unregistered titles.

In a blog of April 11 job On its official average page, helium described the result as “major victory for helium (Hnt) and the popular network. The dismissal resolves a long -standing uncertainty on the regulatory status of its three main tokens, Hnt, IoT and Mobile.

Helium has credited the agency’s new leadership for providing the clarity of cryptographic infrastructure projects, which helped close a chapter that had created uncertainty for the larger decentralized physical infrastructure networks sector. According to HeliumThis legal result shows that the sale of equipment and the distribution of tokens to promote network growth does not automatically classify them as securities under American law.

However, the blog post made no mention of a civil penalty of $ 200,000. According to court documents revised By Yahoo Finance, Nova Labs agreed to pay the dry to settle the accusations of fraud in civil securities against allegedly deceived investors during a fundraising round in 2021-2022.

The SEC has accused the company of exaggerating partnerships with Nestlé, Chie and Salesforce to attract investments to a billion dollars assessment. Nova Labs has not admitted or refused reprehensible acts within the framework of the regulation. The SEC initially filed the trial in January, shortly before former President Gary Gensler moved.

Since then, as part of the new Trump administration, the SEC has abandoned several high -level cases against cryptographic companies, including Coinbase, Kraken and Consensys. In addition, Paul Atkins, a regulator and defender of cryptocurrencies, was confirmed As a new President of the SEC on April 10. Atkins should direct the agency to lighter digital asset rules that promote innovation.