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Hillium jumps after SEC rejects the lawsuit against a team behind the decentralized wireless network

The Soliana -based decentralized network encryption project increases after the US Securities and Stock Exchange Committee (SEC) rejected a lawsuit against the protocol.

In new string On the social media platform X, the development team behind Helium (HNT) says that the organizational agency has dropped a lawsuit against the encryption platform, which has alleged it had violated securities laws.

According to a press release, the developer of Helium Nova Labs Agreed To pay 200,000 dollars, the Supreme Council of Education Committee to settle the accusation without recognizing any violations.

The news of the separation of the HNT crowd caused a decrease from $ 2.62 on April 10 to the peak of $ 3.03 in just one day. It has since recovered and has been traded for $ 2.96, an increase of 9.9 % over the past 24 hours.

The Securities and Stock Exchange Commission, which originally filed the lawsuit in January, accused Nova Labs of distributing unregistered securities.

“The Supreme Education Council agreed to reject its claims in unregistered securities.

In a conversation Blog postHelium says that the rejection of the case is a “historic result” of the digital asset industry and DePin (decentralized physical infrastructure networks), which characterizes the infrastructure in the real world.

“This teacher’s result is a pivotal turning point for the helium community and the entire encryption industry, which removes the legal uncertainty of DePin projects that use encryption incentives to build infrastructure in the real world.

With the dismissal of the SEC securities unregistered with bias, the result proves that selling devices and distributing symbols for network growth does not automatically make securities in the eyes of the Supreme Education Council. ”

This represents another lawsuit brought down by the Supreme Education Council against the encryption giants this year after President Donald Trump took office. Other dissolved cases include cases against Kraken and Coinbase, RobinHood, Metamask, Metamask, Crypto Wallet.

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