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Helium fights back against SEC allegations over unregistered securities – TON BOT

Helium fights back against SEC allegations over unregistered securities

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The Solana-based Helium Network is facing a lawsuit from the US SEC for allegedly violating securities laws by offering unregistered securities through its products and services. The SEC claims Nova Labs, the company behind the network, misled investors about partnerships with well-known companies. Nova Labs CEO, Amir Haleem, expressed confidence in contesting the claims and criticized the SEC for targeting blockchain innovation. Haleem warned that labeling Helium Hotspots as securities could have negative consequences for similar blockchain projects.

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