SEC Dismisses Case Against Helium Network Owner
# Blockchain Gaming# Ethereum
The US Securities and Exchange Commission (SEC) has dropped its lawsuit against Nova Labs, the company behind the Helium Network, stating that the project's tokens are not considered securities. Despite Nova Labs agreeing to a $200,000 civil penalty to settle fraud allegations without admitting guilt, the SEC's move comes as Helium's cryptocurrency (HNT) sees a strong market performance, trading at approximately $2.92 with a 7% increase in the last 24 hours. The regulatory victory for Helium did not mention the financial settlement in their announcement. This decision sets a significant precedent for projects like Helium that utilize cryptocurrency incentives to build physical infrastructure, eliminating legal uncertainties. The dismissal of the case is part of a trend of SEC case dismissals during the Trump administration, coinciding with the appointment of Paul
#WhaleMovements #VoteToListOnBinance #SecureYourAssets #TariffsPause $ETH
