The founder of HEX declared victory over the SEC

The U.S. Securities and Exchange Commission (SEC) decided not to resume the case against Richard James Schueler, known as Richard Heart, the founder of HEX, PulseChain, and PulseX.

The entrepreneur announced this on the social network X, referring to a letter received from the agency.

Heart called this decision a victory over the SEC and emphasized that it provides "clarity of regulation." He also noted that this case is important for the protection of open-source software, digital assets, and freedom of speech.

Heart stated that this is the first case in which a court dismissed all SEC claims against a cryptocurrency project.