Nova Labs’ Settlement With SEC Adds Win for Crypto Under Trump

Helium blockchain network owner Nova Labs Inc. will pay the Securities and Exchange Commission $200,000 to resolve a civil securities fraud claim after a federal judge approved their agreement.

The SEC tossed other allegations with finality—including whether Nova Labs was issuing unregistered securities in offering cryptocurrency tokens—according to the letter it sent to the court with the proposed final judgment this month. Judge Mary Kay Vyskocil signed the final judgment for the US District Court for the Southern District of New York on Wednesday, closing the case.

The Biden SEC sued Nova Labs just days before President Donald Trump took ...