Gold Finance reported that the US Securities and Exchange Commission (SEC) has rejected Hex founder Richard Heart's attempt 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 the unregistered production of securities 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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SEC, Hex'in kurucusu Richard Heart'ın dava reddi talebini reddetti, dava devam edecek
Gold Finance reported that the US Securities and Exchange Commission (SEC) has rejected Hex founder Richard Heart's attempt 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 the unregistered production of securities 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.