Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13284
Markets: 100679
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13284
Cryptocurrencies
62.39%
Bitcoin Share
crypto.news 2025-04-11 03:31:15

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

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

The U.S. Securities and Exchange Commission has officially dropped its case accusing Nova Labs, the team behind the Helium Network, of selling unregistered securities. In an Apr. 11 blog post on its official Medium page, Helium called the outcome “a major win for Helium ( HNT ) and The People’s Network.” The dismissal resolves long-standing uncertainty about the regulatory status of its three main tokens, HNT, IOT, and MOBILE. The SEC has agreed to dismiss the case with prejudice, meaning the agency cannot pursue the same charges again in the future. Helium credited the agency’s new leadership for bringing clarity to crypto infrastructure projects, which has helped close a chapter that had created uncertainty for the wider Decentralized Physical Infrastructure Network sector. According to Helium , this legal outcome provides clarity that selling hardware and distributing tokens to promote network growth does not automatically classify them as securities under U.S. law. You might also like: Airdrops should get a ‘safe harbor’ from regulation, states a16z crypto head of policy However, the blog post made no mention of a related $200,000 civil penalty. According to court documents reviewed by Yahoo Finance, Nova Labs agreed to pay the SEC to settle civil securities fraud charges over allegedly misleading investors during a fundraising round in 2021–2022. The SEC accused the company of exaggerating partnerships with Nestle, Lime, and Salesforce to attract investment at a $1 billion valuation. Nova Labs did not admit or deny wrongdoing as part of the settlement. The SEC originally filed the lawsuit in January, shortly before former Chair Gary Gensler stepped down. Since then, under the new Trump administration, the SEC has dropped several high-profile cases against crypto firms including Coinbase, Kraken, and Consensys. In addition, Paul Atkins, a crypto-friendly regulator and advocate, was confirmed as the new SEC chairman on Apr. 10. Atkins is expected to steer the agency towards clearer digital asset rules that promote innovation. Read more: New York Attorney General urges Congress to pass crypto regulations

Most Read News

https://www.digistore24.com/redir/325658/ceobig/
Market Cap
24h Vol
62.39%
Bitcoin Share
176
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.