SEC wants to settle with Ripple, drops Helium case
The US Securities and Exchange Commission (SEC) dropped a lawsuit against Helium developer Nova Labs yesterday and has filed a joint motion with Ripple to pause its appeal against the cryptocurrency firm. In Helium’s case, the SEC has dismissed the suit filed against Nova Labs in January this year that accused it of issuing Helium tokens as unregistered securities. This prompted Helium to proclaim, “We can now definitively say that all compatible Helium Hotspots and the distribution of HNT, IOT, and MOBILE tokens through the Helium Network are not securities.” Separate from this case, Helium had previously lied about various big-name advertisers, while Forbes discovered that its native token was mostly held by insiders . Protos also reported how Helium’s founder, during turmoil with FTX and its partner Solana, started a professional racing team. Meanwhile, Ripple and the SEC filed a joint motion on Thursday that seeks to pause the SEC’s appeal and reach a “neg...
