A Golden Finance report stated that the Securities and Exchange Commission (SEC) of the United States refuted the founder of Hex, Richard Heart's attempt to dismiss the lawsuit against him, stating that it has the right to proceed with the case. The SEC accused Heart of raising over $1 billion through an unregistered securities issuance and using the funds for personal luxury consumption. Heart's lawyer countered that Hex, PulseChain, and Pulse X are not securities, and that Heart did not promise investment returns, thus not constituting fraud. The SEC insists that these assets are investment contracts and fall under the category of securities. The next hearing of the case is scheduled for October 24th.
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A SEC rejeita o pedido de rejeição de ação judicial do fundador da Hex, Richard Heart, e o caso continuará.
A Golden Finance report stated that the Securities and Exchange Commission (SEC) of the United States refuted the founder of Hex, Richard Heart's attempt to dismiss the lawsuit against him, stating that it has the right to proceed with the case. The SEC accused Heart of raising over $1 billion through an unregistered securities issuance and using the funds for personal luxury consumption. Heart's lawyer countered that Hex, PulseChain, and Pulse X are not securities, and that Heart did not promise investment returns, thus not constituting fraud. The SEC insists that these assets are investment contracts and fall under the category of securities. The next hearing of the case is scheduled for October 24th.