ChainCatcher news, according to The Block, Helium Network's developer Nova Labs stated that the U.S. Securities and Exchange Commission (SEC) has dropped the charges against the company for selling unregistered securities.Helium stated in a blog post on Thursday that this means selling "hardware and distributing tokens to facilitate network growth" does not automatically make it a security. The SEC sued Nova Labs in January of this year, and a few days later, former chairman Gary Gensler resigned on January 20. The lawsuit involves three tokens related to Helium: Helium Network Token (HNT), Helium Mobile Token (MOBILE), and Helium Internet of Things Token (IoT), which the SEC claims are all unregistered securities.

ChainCatcher News, the U.S. Securities and Exchange Commission has charged Nova Labs, Inc. ("Nova Labs") with allegedly issuing cryptocurrency assets as securities without registration and deceiving investors.According to the SEC's complaint, from April 2019 to the present, Nova Labs conducted unregistered securities offerings and sales while providing and selling electronic devices called "Hotspots" (used for mining Nova Labs' cryptocurrency) and "Discovery Mapping" (a program that allows users to exchange their private data for Nova Labs' cryptocurrency).The SEC seeks to impose a permanent injunction against Nova Labs, confiscate illegal proceeds, pay pre-judgment interest, and impose civil penalties.

ChainCatcher news, according to Decrypt, Spanish telecom giant Telefónica announced a partnership with Helium developer Nova Labs to deploy Helium Mobile hotspots in Mexico City and Oaxaca. These hotspots utilize the cryptocurrency-based Helium 5G network, which will allow Telefónica to offload mobile data traffic and expand its coverage in Mexico.

ChainCatcher news, the decentralized wireless communication network Helium announced that former Nova Labs Chief Product Officer Abhay Kumar will join the Helium Foundation as CEO, and the Solana engineering team from Strata has been acquired to migrate all protocol development to the Helium Foundation. (source link)