US Securities and Stock Exchange Committee (SEC) She rejected her case against Nova LabsThe company that owns the helium network, considers that the distinctive symbols of the project are not securities. This step comes when the cryptocurium currency is (Hnt) It has the performance of the strong market, as it is traded by about $ 2.92, with a rate of 7 % over the past 24 hours.
Nova Labs pays a fine of $ 200,000
Nova Labs agreed to pay a civil penalty worth $ 200,000 to settle fraud claims without admitting mistakes, despite the celebration of the organizational victory, according to the court's files. SEC claimed that the company had misled institutional investors on a fundraising tour in 2021 and 2022, when it raised $ 200 million with a billion dollars.
According to SEC, Nova Labs is exaggerated in communications to major companies like Nestle and Salesforce. This number was few and mostly spoke before the Helium network went in 2019. The company's announcement about the dismissal of SEC did not mention this financial settlement.
Today it coincides with a great victory for the shellium and the people's network! The Supreme Education Council agreed to reject unregistered securities claims with bias. The hot points of the Hillium, HNT, Mobile and IOT distribution through the helium network are not securities. This also means that the Supreme Education Council … pic.twitter.com/vjsbaffht8t
Helium (@helium) April 10, 2025
The historical decision creates a precedent for DePin projects
“We can definitely say that all the hot points for compatible shellium and distribution HntAnd the Internet of Things, and the icons carried on the helium are not securities. Hilium said In a blog post on April 10. The company highlighted that selling devices and symbolic distribution to expand the network does not necessarily qualify it as securities.
HNTUSD trading at $2.93 on the 24-hour chart: TradingView.com
This decision places a great precedent for decentralized material infrastructure networks (Deep))Eliminate the legal uncertainty of projects of the same type that uses coded currency incentives to create a material infrastructure. The ruler indicates a fundamental shift in organizational philosophy.
The helium network is still in a strong position despite the setbacks
the Helium network It has about 375,000 active hot points worldwide. Blockchain network enables users to create and operate WiFi networks that offer wireless infrastructure distributed for mobile devices and Internet (IOT).
Trump administration signals are transformed in the regulation of encryption
The dismissal of the helium issue appears to be a series of separation in the SEC case during the Trump administration. It has been claimed that the agency has dropped the charges against a number of prominent companies in the cryptocurrency such as Coinbase, Binance and UISWAP since US President Donald Trump was sworn in in January.
The timing of the termination coincides with Paul Atkins, the Gary Ginsler is officially replaced as Chairman of the Securities and Stock Exchange Committee after the confirmation of the US Senate.
An enforcement procedure against Good Nova He was first submitted in January 2025 and was one of the last enforcement procedures started by the Supreme Education Council under the Chairman of the Board of Directors now Jinsler before his resignation.
According to reports, the head of the Acting Chargé d'Affaires and Commissioner Hyster Peres made efforts to reject the encryption enforcement cases amid a transfer from Jinsler's exit to Atkins.
Although he is a friend of encryption, Atkins said he intends to focus on creating a legal framework for digital assets.
Distinctive image from how to justice, the tradingView graph
Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.