SEC Decides Against Revisiting Fraud Allegations Against Hex Founder

According to PANews, the U.S. Securities and Exchange Commission (SEC) has announced it will not pursue a revised securities fraud complaint against Hex founder Richard Schueler. This decision was communicated by SEC attorney Matthew Gulde in a letter dated April 21 to Judge Carol Bagley Amon of the New York District Court. Previously, the court had dismissed the SEC's lawsuit against Richard Heart, the creator of the Hex token.