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US SEC to drop lawsuit against Solana-based communications company DePIN Helium

2025/04/11CoinPost
Written by A.Yamada
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US SEC to drop lawsuit against Solana-based communications company DePIN Helium
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  1. Nova Labs agrees to drop lawsuit

Nova Labs agrees to drop lawsuit

Helium, a decentralized wireless communication network based on Solana (SOL), announced on the 11th that the U.S. Securities and Exchange Commission (SEC) has agreed to formally dismiss its lawsuit against developer Nova Labs. This will allow the project to focus on future development.

In January, the SEC sued Nova Labs, deeming the three tokens HNT, MOBILE, and IoT to be unregistered securities. Helium believes that the dismissal means that the company has determined that these tokens are not considered securities.

This move is in response to the growing concern that cryptocurrency incentives...

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Iolite Vol.13

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MAGAZINE

Iolite Vol.13

May 2025 issueReleased on 2025/03/28
Interview Iolite FACE vol.13 Joseph Lubin, co-founder of Ethereum and founder of Consensys PHOTO & INTERVIEW Yusuke Narita Features: "Dawnbreak Players 30: 30 Web 3.0 Players to Watch in 2025", "How to Use EXPO2025 DIGITAL WALLET", "The Global Controversy Over Meme Coins: What Happened in the U.S. and Argentina", "Finally, Technology Has Entered the Social Implementation Phase: Examples of Web 3.0 Use in an Era of Declining Population" Crypto Journey: Interview with Mohsin, a Popular Crypto YouTuber Special Series: Virtual Nishi: "Market Trends in Crypto Assets and Key Points to Interpret" Series: Tech and Future: Toshinao Sasaki, etc.