The U.S. Securities and Exchange Commission (SEC) dismissed its lawsuit against Nova Labs, the developer of the Helium decentralized wireless network, for allegedly issuing unregistered securities, as announced in an April 10 blog post. Filed in January 2025 under former Chair Gary Gensler, the dismissal with prejudice ends the case, allowing Helium’s HNT token to move forward without similar charges. Bitcoin held at $79,000, with social platforms buzzing about potential regulatory shifts under new SEC leadership.
