Richard Heart, the leader of Hex, claims that Victory was the SEC’s stoppage of the fraud lawsuit.

Richard Heart claims that after the U.S. controller dropped his fraud lawsuit against him, he has “defied the SEC entirely.”

The blockchain entrepreneur who founded HEX, PulseChain, and PulseX was accused of defrauding investors and selling unregulated stocks.

After the SEC’s failure to demonstrate that Heart’s remarks exclusively targeted American consumers, a federal judge in February dismissed the case.

The regulation had until April 21 to submit a revised problem, but it has since confirmed that it will leave the case entirely.

Heart claimed in a message that there is” a level of regulatory clarity that few other currencies have” for both his and his projects.

He wrote,” The SEC deliberately walked away from some other crypto cases, but this is the only one in which the SEC lost without losing any of its claims in court,” with a dismissal of each one of its claims.

He continued, describing the growth as a “victory for open-source technology, bitcoin, and free speech.”

In a follow-up message, Heart claimed that he had “beaten the SEC in judge,” adding that” The SEC did not drop its situation against me.” The judge essentially rejected their case because they failed to express a claim and because they lacked authority.

The new course of the SEC

In line with Donald Trump’s advantageous position toward the sector, the SEC has dropped a number of investigations against crypto companies in recent months.

Additionally, Paul Atkins took the oath of office earlier this week as the new SEC chair. He has pledged to avoid acting more forcefully than his father Gary Gensler, who recently advised a number of online asset firms.

The SEC had accused Heart of fabricating the now-abandoned lawsuit, claiming that HEX was “built to be the highest appreciable property that has ever existed in the history of person.” Additionally, it was claimed that he had used millions of dollars in investment funds to make extravagant buying of expensive goods.

Center is also subject to Interpol’s red see

Heart, whose real name is Richard Schueler, is still the subject of an Interpol red realize and is listed among Europe’s most wanted captives, &nbsp, on charges of tax fraud and physically assaulting a girl by grabbing their locks, knocking them to the floor, and punching them up five times in the face.

HEX has increased by 12.7 % over the past 24 hours, extending gains of 49 % since this time last week, according to CoinGecko data.