SEC Drops Lawsuit Against Helium’s Nova Labs, Signaling Eased Regulatory Pressure on Crypto Infrastructure

The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against Nova Labs, the company behind the Helium network. The SEC had previously accused Nova Labs of selling unregistered securities through three of its crypto tokens: Helium Network Token (HNT), Helium Mobile Token (MOBILE), and Helium IoT Network Token (IoT). ⚡️ This decision comes after months of legal action and follows a recent shift in regulatory approach under new leadership at the SEC.