SEC Lawsuit Against Hex Dismissed

Judge Dismisses SEC’s Case Against Richard Heart on Jurisdictional Grounds

• A U.S. District Judge dismissed the SEC’s case against Richard Heart, co-founder of Hex and PulseChain, citing insufficient jurisdictional ties to the U.S.
• The SEC accused Heart of fraud and misappropriating at least $12 million for luxury purchases.
• Heart, a U.S. citizen based in Finland, was not found to have directed activities specifically at U.S. investors.
• The judge allowed the SEC 20 days to file an amended complaint addressing jurisdiction issues.
• Following the ruling, HEX’s price rose over 34% within twenty-four hours.

The dismissal of the SEC’s lawsuit against Richard Heart was based on a lack of evidence connecting his activities to the United States, prompting a rise in HEX’s market value by over 34% after the decision.