SEC Resolves Case Against Hex Founder Richard Schueler

The U.S. Securities and Exchange Commission (SEC) has opted not to pursue a revised complaint against Hex founder Richard Schueler. This decision was communicated by SEC attorney Matthew Gulde in a letter dated April 21 to Judge Carol Bagley Amon of the New York District Court. Notably, this follows the dismissal of the SEC’s lawsuit against Richard Heart, the creator of the Hex token, by the same court previously.