Golden Finance reported that the US Securities and Exchange Commission (SEC) has rejected the request of Hex founder Richard Heart to dismiss the lawsuit against him, stating that it has the right to proceed with the case. The SEC accuses Heart of raising over $1 billion through unregistered securities emissions and using the funds for personal luxury consumption. Heart's lawyer argues that Hex, PulseChain, and Pulse X are not securities, and Heart did not promise investment returns, so it does not constitute fraud. The SEC insists that these assets are investment contracts and fall within the scope of securities. The next hearing of the case is scheduled for October 24th.
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La SEC rejette la demande de rejet de la poursuite de Richard Heart, le fondateur de Hex, et l'affaire se poursuivra.
Golden Finance reported that the US Securities and Exchange Commission (SEC) has rejected the request of Hex founder Richard Heart to dismiss the lawsuit against him, stating that it has the right to proceed with the case. The SEC accuses Heart of raising over $1 billion through unregistered securities emissions and using the funds for personal luxury consumption. Heart's lawyer argues that Hex, PulseChain, and Pulse X are not securities, and Heart did not promise investment returns, so it does not constitute fraud. The SEC insists that these assets are investment contracts and fall within the scope of securities. The next hearing of the case is scheduled for October 24th.