According to news on January 19, the U.S. Securities and Exchange Commission charged Nova Labs, Inc. ("Nova Labs") for allegedly issuing crypto assets as securities in an unregistered manner and deceiving investors. According to the SEC’s complaint, from April 2019 to the present, Nova Labs provided and sold electronic devices called “Hotspots” (used to mine Nova Labs’ crypto assets) and “Discovery Mapping” (a device that allows users to mine their private data When switching to Nova Labs Crypto Assets Program), an unregistered offer and sale of securities was made. The SEC seeks a permanent injunction, disgorgement of ill-gotten gains, prejudgment interest and civil penalties against Nova Labs.