US Court Dismisses SEC Case Against Richard Heart, Hex

Quick Summary:

The SEC failed to establish jurisdiction over Finland-based Richard Heart despite allegations from the agency of manipulating transactions.

Judge Amon has granted the SEC 20 days to file an amended complaint addressing the jurisdictional deficiencies.

Heart, through recycling, attempted to create the false impression of significant trading volume and organic demand for Hex tokens, the regulator alleged.

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Article Details

Author / Journalist: Vince Dioquino

Category: Crypto

Markets: EstoniaFinland

Topics: Law HEX Law and Order Richard Heart Hex token Legal

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-03 @ 00:11:08 (1 days ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 26599587

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 2 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 10 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

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