unburdened by what has been
amir
amir11.4.2025
we learned today that the SEC has agreed to dismiss its unregistered securities claims against Nova Labs. as a result, we can now resolve what might well be the shortest-lived SEC litigation on record. after suing us about three months ago in a bizarre last-minute politically-motivated move, the SEC has now changed course and agreed to dismiss with prejudice (as in, permanently dismissed and can never be re-opened) the claims it brought against us related to the sale of hotspots and discovery mapping   this is an unprecedented win, as we now have absolute certainty that we did not violate securities laws when we developed the @helium network and the $HNT, $IOT, and $MOBILE token framework that powers it. it’s also a massive win for crypto, because the SEC agrees the Hotspots that power the Helium infrastructure are not securities. and because these dismissals will be with prejudice, the SEC cannot bring these charges against us in the future putting this SEC matter behind us is a huge win for the entire @helium community, as well as other crypto projects which use hardware to build their networks. we expect the dismissal to be finalized within the next few days. a big thank you to the new leadership at the SEC including Paul Atkins, @HesterPeirce and @MarkUyedaUS for restoring sanity to the commission LFG!!!
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