{"id":147132,"date":"2025-01-20T12:00:25","date_gmt":"2025-01-20T10:00:25","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=147132"},"modified":"2025-01-20T08:32:11","modified_gmt":"2025-01-20T06:32:11","slug":"sec-sues-crypto-project-for-misleading-investors","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/sec-sues-crypto-project-for-misleading-investors\/","title":{"rendered":"SEC Sues Crypto Project for Misleading Investors"},"content":{"rendered":"<p>The SEC <strong><a href=\"https:\/\/www.sec.gov\/enforcement-litigation\/litigation-releases\/lr-26229\" target=\"_blank\">alleges<\/a> <\/strong>that Nova Labs falsely claimed partnerships with major companies like Salesforce, Lime, and Nestl\u00e9 to promote its &#8220;Hotspot&#8221; devices, which mine Helium cryptocurrency and reward users for data sharing.<\/p>\n<p>Filed on January 17, the lawsuit seeks penalties, the return of alleged illicit gains, and restrictions on Nova Labs. The SEC emphasized that the claimed partnerships were fabricated, misleading customers about the real-world adoption of the Helium network.<\/p>\n<p>Despite the legal action, Helium\u2019s HNT token, now based on <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/solana\/\">Solana<\/a><\/strong>, has seen a 10% price increase in the past 24 hours, trading at $5.39. This case comes just days before SEC Chair Gary Gensler\u2019s departure, marking one of his final crypto enforcement moves. Gensler\u2019s tenure has been defined by aggressive actions against the crypto sector.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/trumps-memecoin-crashes-as-his-wife-launches-her-own-coin\/\" title=\"Trump&#8217;s Memecoin Crashes as His Wife Launches Her Own Coin\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/01\/melaniadonald-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Trump&#8217;s Memecoin Crashes as His Wife Launches Her Own Coin<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Under the incoming administration of President-elect Donald Trump, a shift in crypto regulation is expected. Trump, a vocal Bitcoin supporter, has outlined plans to advance crypto-friendly policies, including the potential creation of a Bitcoin National Reserve and initiatives to promote decentralized finance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Nova Labs, accusing the creators of the Helium Network of misleading investors and violating securities laws.<\/p>\n","protected":false},"author":9,"featured_media":3156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22,26],"tags":[],"class_list":["post-147132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","category-cryptocrime"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - 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