{"id":23317,"date":"2025-04-23T12:00:39","date_gmt":"2025-04-23T09:00:39","guid":{"rendered":"https:\/\/forklog.com\/en\/hex-founder-claims-victory-over-sec\/"},"modified":"2025-04-23T12:00:39","modified_gmt":"2025-04-23T09:00:39","slug":"hex-founder-claims-victory-over-sec","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/hex-founder-claims-victory-over-sec\/","title":{"rendered":"HEX Founder Claims Victory Over SEC"},"content":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC) has decided not to reopen the case against Richard James Schueler, the founder of HEX, PulseChain, and PulseX, known as Richard Heart. The entrepreneur announced this on X, citing a letter from the agency.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Today the SEC notified the court that it \u201c\u2026does not intend to file an amended complaint\u2026\u201d and their deadline to do so has expired. The Court previously dismissed the SEC\u2019s entire case. Richard Heart, PulseChain, PulseX, and HEX have defeated the SEC completely and have\u2026 <a href=\"https:\/\/t.co\/hKtUUQsPHn\">pic.twitter.com\/hKtUUQsPHn<\/a><\/p>\n<p>\u2014 Richard Heart (@RichardHeartWin) <a href=\"https:\/\/twitter.com\/RichardHeartWin\/status\/1914512851546624328?ref_src=twsrc%5Etfw\">April 22, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Heart described the decision as a victory over the SEC and claimed it provides &#8220;regulatory clarity.&#8221; He noted that the case is significant for the protection of open-source software, digital assets, and freedom of speech.\u00a0<\/p>\n<p>The HEX founder called it the first instance where a court has dismissed all SEC claims against a cryptocurrency project.\u00a0<\/p>\n<p>In 2023, the regulator accused Heart of raising over $1 billion through unregistered digital asset offerings via HEX, PulseChain, and PulseX.\u00a0<\/p>\n<p>Back in late 2024, Interpol <a href=\"https:\/\/forklog.com\/en\/news\/hex-founder-richard-heart-placed-on-interpols-most-wanted-list\">issued a &#8220;red notice&#8221;<\/a> on behalf of Finland against Heart.\u00a0<\/p>\n<p>In March 2025, the court <a href=\"https:\/\/forklog.com\/en\/news\/court-dismisses-sec-lawsuit-against-hex-founder\">found<\/a> part of the SEC&#8217;s arguments against the HEX founder unproven.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC) has decided not to reopen the case against Richard James Schueler, the founder of HEX, PulseChain, and PulseX, known as Richard Heart. The entrepreneur announced this on X, citing a letter from the agency. Today the SEC notified the court that it \u201c\u2026does not intend to file an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,128],"class_list":["post-23317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"63","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=23317"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/23316"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=23317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=23317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=23317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}