The U.S. Securities and Exchange Commission (SEC) has dismissed its lawsuit against Helium’s Nova Labs, clearing the air for the cryptocurrency project and signaling a positive shift in crypto regulation. This decision comes after Paul Atkins took over as SEC chairman and followed on from Gary Gensler’s past actions. 6% to trade at $2.89, following this dismissal, and the move was widely celebrated by the crypto community. The decision is particularly significant because it removes legal uncertainty surrounding decentralized networks that use token incentives for real-world infrastructure development. Nova Labs Co-founder & CEO Amir Haleem hailed this outcome as a landmark moment for the Helium community and the wider crypto industry. The SEC’s dismissal of the lawsuit followed Nova Labs settling a related fraud claim with a $200,000 penalty without admitting wrongdoing. This new development supports the viability of token networks by removing legal uncertainty around fundraising strategies used between 2021 and 2022. This positive turn for the crypto sector has also benefited other projects like Coinbase and Kraken, who have seen reduced enforcement actions under Paul Atkins’ leadership. The move creates a precedent for future decentralized projects using token incentives. Notably, Nova Labs’ model of over 375,000 active hotspots may inspire similar infrastructure ventures across various sectors.