This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Helium (HNT), a Solana-based decentralized wireless network project, has surged after the SEC dismissed its lawsuit against the protocol. The regulatory agency dropped allegations of securities violations, marking a significant win for the crypto industry.
- SEC dismissed its lawsuit against Helium (HNT), alleging unregistered securities violations, with Nova Labs paying $200,000 in settlement.
- HNT's price surged nearly 10% post-dismissal, peaking at $3.03 before stabilizing at $2.96.
- The ruling sets a precedent for DePIN projects, affirming that token incentives for infrastructure growth are not inherently securities.
📎 Related coverage from: dailyhodl.com