The US Securities and Stock Exchange Committee (SEC) has rejected a lawsuit against Nova Labs, developer developer developer Helium, claiming unregistered securities, and Helium stated in a blog post on April 10.
The lawsuit was submitted in January 2025, and among the final SEC enforcement procedures was against the developer of an encrypted currency during the era of former President Gary Ginsner, who resigned from his post on January 20 after US President Donald Trump took office.
The separation means with bias that the Blockchain developer cannot be charged with similar violations again to be released in 2019 He said.
“(W) can now categorically say that all the hot points compatible with helium and the distribution of HNT, IOT and Mobile Takens via the helium are not securities.”
She added: “(R) shows that the sale of devices and the distribution of symbols for network growth does not automatically make securities in the SEC (and) eyes that SEC cannot reach these helium fees again.”
source: Helium
SEC's helium's reflection on the same day came as Paul Atkins, who officially analyzed Paul Atines to replace Gensler as SEC president after a lengthy confirmation of the Senate.
Helium is a Blockchain network designed to allow anyone to build and have huge wireless networks, “according to its website. The protocol explains that about 375,000 hot points are active.
According to For Coingecko, HNT has a market capacity of about $ 480 million as of April 10 – a decrease from its highest levels at more than $ 5 billion in November 2021.
HNT price since 2019. Source: Co Ringecko
Related to: SEC will drop its appeal against Ripple, says CEO Garinghouse says
Changing the position of politics
During the Jinsler era, the Supreme Education Council brought 100 charges against Web3 developers for various alleged securities violations.
Since Trump took office, SEC has been sharply reflected, as it has dropped many charges against encryption companies, including Coinbase, Kraken, Ripple and UISWAP.
Trump put himself as a supporter president of Karboto, and promised to make America “the world of encryption in the world”, known as the leaders of the industry in the main organizational positions, and ordered the federal government to establish a national reserve (BTC).
For some CEOs for encryption, Trump's policies – such as announcing the customs tariff for American imports in April – are threatening Stymie Crypto.
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