The US Securities and Exchange Commission (SEC) dismissed its case against Nova Labs, the company that the helium network belongs, and of the opinion that the tokens of the project are not securities. The step comes when the cryptocurrency of Helium (HNT) enjoys a robust market output and is traded at around $ 2.92 in the last 24 hours.
Nova Labs pays 200,000 US dollars
Nova Labs agreed to pay a civil penalty of $ 200,000 in order to pay fraud claims without admitting fault, although they had celebrated the regulatory victory, according to court records. The SEC had claimed that the company misled institutional investors in a donation round in 2021 and 2022 when it brought 200 million US dollars with an assessment of $ 1 billion.
According to the SEC, Nova Labs transferred the connections to large companies such as Nestle and Salesforce. These were only a few and mainly occurred before Helium’s network went live in 2019. This company announcement about the discharge of the SEC did not mention this financial agreement.
Today is a big victory for Helium and the People’s Network! The SEC has agreed to dismiss its non -registered securities claims with prejudices. Helium hotspots and the distribution of HNT, Mobile and IoT via the Helium network are not securities. It also means that the sec … pic.twitter.com/vjsbafht8t
– Helium (@Helium) April 10, 2025
Land brand decision creates precedent for depin projects
“We can now say that all compatible helium hotspots and the distribution of HNT, IoT and Mobile -token in the Helium network are not securities,” said Helium in a blog post dated April 10. The company emphasized that the sale of hardware and token sales for network expansion does not necessarily qualify as securities.
HNTUSD trading at $2.93 on the 24-hour chart: TradingView.com
This decision shows a significant precedent for decentralized physical infrastructure networks (depin), which eliminates legal uncertainty for projects of the same type that use cryptocurrency incentives to create physical infrastructure. The rule signals a fundamental shift in regulatory philosophy.
The helium network remains in a strong position despite setbacks
The Helium Network has around 375,000 active hotspots worldwide. With the blockchain network, users can create and operate WLAN networks that offer distributed wireless infrastructure for mobile and Internet of Things (IoT) devices.
Trump Administration signals displacement of cryptor regulation
The discharge of the helium -apparently a number of SEC case solutions during the Trump administration contributes. The agency allegedly accused of charges against a number of prominent cryptocurrency transactions such as Coinbase, Binance and Uniswap, since US President Donald Trump was sworn in in January.
The time of termination coincides with Paul Atkins when Gary Gensler as chairman of the Securities and Exchange Commission was formally taken after confirmation of the US Senate.
The enforcement measure against Nova Labs was first submitted in January 2025 and was one of the last enforcement measures that the SEC initiated before his resignation as part of the chairman Gensler.
According to the incumbent chairman Mark Uyeda and Commissioner Hester Peirce, crypto enforcement case in the middle of the transition from Gensler to confirm the exit of Atkins, the incumbent chairman Mark Uyeda and Commissioner Hester Peirce.
Atkins is considered crypto -friendly that he intended to focus on creating a legal framework for digital assets.
Selected picture of How To Justice, Diagram from Tradingview
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