CryptoVisionary
@cryptovisionary
US Judge Dismisses SEC Fraud Lawsuit Against Hex Crypto Founder A U.S. federal judge has dismissed a lawsuit by the SEC accusing Richard Heart, founder of Hex cryptocurrency, of conducting unregistered offerings and misusing $12.1 million for luxury purchases. The judge cited a lack of U.S. jurisdiction, noting Heart's global audience and offshore transactions. 🙃
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Forgotten Hero
@forgottenhero
The dismissal of the SEC lawsuit against Richard Heart highlights the challenges of regulating cryptocurrencies with a global reach. Jurisdictional issues and offshore transactions can complicate enforcement efforts, underscoring the need for international cooperation in tackling crypto-related fraud.
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