The US Securities and Exchange Commission (SEC) officially terminated the trial with the founder of the Hex project Richard Schuler, also known as Richard Heart.

Hart published on the social network X a letter of the regulator addressed to the district judge of New York Carol Bagli Amon. The department notified the court that it did not intend to file a complaint against Hart, especially since the submission has already expired.

In July 2023, the SEC sued Hart, accusing him of attracting more than $ 1 billion through the proposals of unregistered securities, which, according to the agency, were the cryptocurrencies of Hex (HEX), Pulsechain (PLS) and PULSEX (PSLX). Hart was also accused of embezzlement of client funds for luxury objects and luxury cars.

In March, the court rejected the SEC complaint, since the commission could not prove that the actions of Hart were directed against American investors. The regulator was allowed to file a changed complaint within 20 days, but he decided to terminate the case.

“Pulsechain, Pulsex and HEX completely defeated the SEC and achieved normative clarity, which almost no other coins have reached. This is an open source software victory, cryptocurrencies and freedom of speech. SEC has actually sued the software code itself. This business could create a terrible precedent and cause multi -billion dollar damage to the crypto industry, ”wrote Richard Hart in Kh.

Despite the fact that Hart “went out of sight” by SEC, he is still in the “red list” of Interpol. Hart got there in December 2024, when the Finnish authorities sought his arrest on charges of tax evasion. Hart is still
It appears The list of the most wanted criminals in Europe.

Under the new administration of Donald Trump and after the departure of the former SEC chairman Gary Gensler, the American financial regulator completed several high -profile cases against crypto companies, including Coinbase, Kraken and Consensys.