even though it hurts, sometimes you see the writing on the wall and have to cut bait. very proud of the @helium community for making the decision to move on from CBRS
https://t.co/NJjlycwwmL
we learned today that the SEC has agreed to dismiss its unregistered securities claims against Nova Labs. as a result, we can now resolve what might well be the shortest-lived SEC litigation on record. after suing us about three months ago in a bizarre last-minute politically-motivated move, the SEC has now changed course and agreed to dismiss with prejudice (as in, permanently dismissed and can never be re-opened) the claims it brought against us related to the sale of hotspots and discovery mapping
this is an unprecedented win, as we now have absolute certainty that we did not violate securities laws when we developed the @helium network and the $HNT, $IOT, and $MOBILE token framework that powers it. it’s also a massive win for crypto, because the SEC agrees the Hotspots that power the Helium infrastructure are not securities. and because these dismissals will be with prejudice, the SEC cannot bring these charges against us in the future
putting this SEC matter behind us is a huge win for the entire @helium community, as well as other crypto projects which use hardware to build their networks. we expect the dismissal to be finalized within the next few days. a big thank you to the new leadership at the SEC including Paul Atkins, @HesterPeirce and @MarkUyedaUS for restoring sanity to the commission
LFG!!!
When I say Rupert Murdoch's Fox News is “angertainment” and a threat to American democracy, I mean it.
Thrilled to be joining @MAD_democracy for a discussion on how Murdoch-media is a dual threat to democracies and climate.
Join us on October 16th:
https://t.co/IIOcKtQjHo
Big updates from the @Helium IOT Working Group call today.
Notably:
• 10% of the $IOT operations fund is now in the control of the working group. Approx $375k USD.
• IoT coverage visuals are getting a massive overhaul thanks to @HeliumGeek's analysis, @DIMO_Network data, and a @HeliumFndn grant. (Prototype shown)
This is huge. Anyone running a Ubiquiti network at an existing venue can support @helium with a small configuration change.
How do we get this deployed in @LevisStadium so @49ers fans can have connectivity at home by the rematch game with the @Chiefs.
HIP 124: Securing IOT Governance Through Staking Rewards Passed ✅
HIP 124 introduces rewards for veIOT holders who actively participate in governance votes on the IOT subnetwork. This proposal is aimed at boosting voting turnout in the IOT Network's governance. HIP 124 passed with 95.26% votes in favor, which is above the passing threshold. 🎉
View results here: https://t.co/UGci6oIeMW
Next steps:
Implementation will begin after current protocol work on the IOT Network is completed, including on-chain Organizationally Unique Identifiers (OUI) as specified by HIP 116. The implementation of HIP 124 is expected to take 5-8 weeks including development and security audits.
For more details on HIP 124:
https://t.co/t2EFWZxIyL