The SEC has filed a lawsuit against Nova Labs for selling unregistered securities and misleading investors regarding the use of the Helium network by large companies ⚖️

The SEC has filed a lawsuit against Nova Labs, the creator of the Helium network, accusing the company of selling unregistered securities and misleading investors. In particular, the company stated that large corporations such as Lime and Nestlé were using the Helium network, which increased interest in the project. This lawsuit was filed in the final days of Gary Gensler's tenure, who led a tough stance on cryptocurrency, raising questions about possible changes in the SEC's approach after his resignation.