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A decentralized wireless crypto project based on Solana (ground) is skyrocketing after the American Securities and Exchange (SEC) commission rejected its trial against the protocol.
In a new thread on the X social media platform, the development team behind helium (HNT) said that the Regulatory Agency had abandoned its trial against the cryptographic platform, which allegedly allegedly raped the securities laws.
According to a press release, the Helium Nova Labs developer agreed to pay the $ 200,000 to settle the accusation without admitting reprehensible acts.
The news of the dismissal caused HNT’s rally when it went from a hollow of $ 2.62 on April 10 to a peak of $ 3.03 just a day later. He has since retraced and negotiated at $ 2.96, an increase of 9.9% in the last 24 hours.
The SEC, which initially filed the trial in January, accused Nova Labs of having distributed unregistered titles.
“The SEC has agreed to reject its complaints from unregistered securities with prejudice.
In a recent blog article, Helium affirms that rejection of the case is a “historic result” for the digital asset industry and depolition technology (decentralized physical infrastructure networks), which tokenizes the infrastructure of the real world.
“This historical result is a central turning point for the helium community and the whole cryptography industry, removing legal uncertainty for depin projects that use cryptographic incentives to build real world infrastructure.
With the dismissal of complaints of unregistered securities from the dry with prejudices, the result establishes that the sale of equipment and the distribution of tokens for the growth of the network do not automatically make them securities in the eyes of the dry. »»
This marks another trial abandoned by the dry against the giants of the crypto this year after President Donald Trump took office. Other dissolved cases include those against the exchanges of Crypto Kraken and Coinbase, the retail giant Robinhood, the non -drinkable tokens (NFT) Opensea and the Crypto Metamask portfolio developer.
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Image generated: Midjourney