Nova Labs has reached a significant milestone in its legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC agreed to drop its claims that three of Nova Labs' tokens, including the native HNT token, were securities as part of a settlement agreement.

The settlement marks a crucial development for Nova Labs, a blockchain technology company that offers various tokens, including the HNT token. The SEC had previously raised concerns that these tokens could be classified as securities, which would have subjected Nova Labs to strict regulatory requirements.

By dropping the claims that the tokens are securities, Nova Labs can now operate without the burden of additional regulatory oversight. This decision is a positive outcome for the company and the cryptocurrency community at large, as it provides clarity on the

Source: https://www.coindesk.com/policy/2025/04/10/helium-issuer-nova-labs-agrees-to-pay-sec-usd200k-to-settle-allegations-it-lied-to-investors-about-brand-partnerships