SEC Case Dismissed: Richard Heart Wins

Federal Judge Dismisses SEC Case Against Richard Heart

• The SEC’s lawsuit against Richard Heart was dismissed due to lack of jurisdiction.
• Judge Carol Bagley Amon ruled the project did not target U.S. investors.
• The court found Heart’s communications were globally available, not U.S.-focused.
• Tokens involved were not available on U.S. exchanges.
• The SEC has 20 days to appeal or amend the ruling.

A federal judge dismissed the SEC’s case against Richard Heart, citing that the project’s communications were globally targeted and did not specifically engage with U.S. investors. The court noted that tokens were unavailable on U.S. exchanges, and the SEC can appeal within 20 days.