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A U.S. federal judge has dismissed the Securities and Exchange Commission's (SEC) lawsuit against Richard Heart, the founder of Hex, PulseChain, and PulseX. The court ruled that the SEC lacked jurisdiction to pursue the case, which involved allegations that Heart raised over $1 billion through unregistered securities offerings and misused funds for luxury purchases. The ruling is significant as it limits the SEC's ability to enforce regulations on global cryptocurrency operations, highlighting jurisdictional challenges in such cases.
Breaking News: US Court dismisses SEC case against Richard Heart and HEX after failing to establish jurisdiction; accused of manipulating transactions. Stay tuned for more updates.
US Court Dismisses SEC Case Against Richard Heart, Hex ► https://t.co/NfqzH0FGZO https://t.co/NfqzH0FGZO
A federal judge dismissed the SEC’s case against HEX founder Richard Heart, citing jurisdiction issues. 🚨 - Case tossed due to lack of U.S. targeting proof - SEC alleged $1B fraud, luxury fund misuse - Ruling curbs SEC’s global crypto reach 🌐
