SEC Steps Back From Case Against Richard Heart, Winning Major Crypto Victory

The Securities and Exchange Commission (SEC) has withdrawn its securities fraud case against Richard Schueler, more widely known as Richard Heart, the controversial founder of HEX, PulseChain, and PulseX. The SEC’s move came after a judge dismissed their original complaint, ruling that the agency lacked jurisdiction over Heart’s activities. 1 2 In a letter to Judge Carol Bagley Amon, SEC attorney Matthew Gulde confirmed the commission does not intend to refile its case.