Today marks a major win for Helium and The People’s Network. Nova Labs, the founding team behind Helium, confirms the SEC has agreed to dismiss with prejudice its claims that Nova Labs sold unregistered securities. With this dismissal, 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.

After the prior leadership at the SEC sued Nova Labs on the literal eve of the incoming administration, this landmark outcome is a pivotal turning point for the Helium community and the entire crypto industry, removing legal uncertainty for DePIN projects that use crypto incentives to build real-world infrastructure. With the dismissal of the SEC’s unregistered securities claims with prejudice, the outcome establishes that selling hardware and distributing tokens for network growth does not automatically make them securities in the eyes of the SEC. It also means that the SEC cannot bring these charges against Helium again.

We thank the new leadership at the SEC for finally providing clarity and look forward to a new era where innovation can truly thrive.

With this chapter finally closed, Helium and the community can now move forward with full confidence, accelerating adoption and real-world innovation in decentralized wireless and crypto-powered infrastructure.

Back to Our Mission: Fighting for the Freedom to Connect

Helium has always been on a mission to make connectivity affordable and accessible for all by putting power in the hands of the people.

With everyday expenses soaring, many are forced to make tough financial choices and reliable connectivity should never be one of those sacrifices. Together, we’ll fight for a future where everyone and everything can connect — without the barriers of inflated costs or gatekeepers standing in the way.

We are more committed than ever to making this vision a reality, and we invite you to be part of the movement that challenges the status quo and embraces a future where the world connects more freely for generations to come.

Learn more about Helium: helium.com
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