The US Securities and Exchange Commission has initiated proceedings to revoke American CryptoFed DAO’s registration of Ducat and Locke tokens, marking a significant regulatory action against the first legally recognized DAO in the United States. The SEC alleges multiple disclosure violations, including failure to provide essential information about business operations, management structure, and financial condition, highlighting the agency’s intensified scrutiny of crypto projects claiming securities exemptions under Gary Gensler’s leadership.
about SEC Halts American CryptoFed DAO's Token RegistrationPulseX
0 in Finance and 0 in Crypto last weekRichard Heart Wins SEC Case: Crypto Victory
On April 25, 2025, Richard Heart achieved a sweeping legal victory as U.S. District Judge Carol Bagley Amon dismissed all SEC claims against him and his blockchain projects—HEX, PulseChain, and PulseX. The SEC accused Heart of raising over $1 billion through unregistered offerings and misusing funds, but the court ruled the agency lacked jurisdiction and found no evidence of fraud. The dismissal reinforces the legal standing of open-source blockchain projects and deals a blow to the SEC’s aggressive crypto enforcement strategy. This case sets a precedent for regulatory clarity in the crypto space, with Heart’s projects now among the few with such legal validation.
about Richard Heart Wins SEC Case: Crypto VictorySEC Drops Fraud Case Against HEX Founder Richard Heart
The U.S. Securities and Exchange Commission (SEC) has decided not to refile its securities fraud complaint against Richard Schueler, also known as Richard Heart, founder of HEX, PulseChain, and PulseX. The case was dismissed in February after a judge ruled the SEC failed to establish jurisdiction over Heart’s activities, which were not specifically targeted at U.S. investors. Heart celebrated the decision as a victory for cryptocurrency, open-source software, and free speech, claiming the SEC ‘lost and crypto won across the board.’ The SEC had accused Heart of raising over $1 billion through unregistered securities offerings, but the case collapsed due to jurisdictional issues. Meanwhile, Heart remains under scrutiny in Finland for alleged tax evasion, and his tokens have seen significant price declines.
about SEC Drops Fraud Case Against HEX Founder Richard HeartRichard Heart Claims Victory Over SEC in HEX Fraud Case
Richard Heart, the controversial founder of HEX, has claimed a complete victory over the SEC after a U.S. court dismissed fraud charges against him and his projects, PulseChain and PulseX. The SEC had accused Heart of securities fraud and misusing investor funds for luxury purchases, but the case was dismissed due to jurisdictional issues. Despite this U.S. legal win, Heart remains wanted by Finnish authorities for alleged tax evasion and assault on a minor, with Interpol and Europol listing him as a wanted individual. HEX’s market performance remains stagnant, raising questions about its long-term viability amid ongoing legal and regulatory challenges.
about Richard Heart Claims Victory Over SEC in HEX Fraud CaseRichard Heart Claims Victory Over SEC in Crypto Fraud Case
Richard Heart, the controversial founder of HEX, PulseChain, and PulseX, has claimed a legal victory after the SEC dropped its securities fraud lawsuit against him. A federal judge dismissed the case in February, citing the SEC’s failure to prove Heart’s statements targeted American consumers. The regulator had until April 21 to file an amended complaint but chose to abandon the case entirely. Heart celebrated the decision as a win for crypto and free speech, though he still faces an Interpol red notice for tax fraud and assault charges. Meanwhile, HEX’s value has surged nearly 50% in the past week, reflecting market optimism. The SEC’s shift aligns with a broader trend of easing crypto enforcement under new leadership.
about Richard Heart Claims Victory Over SEC in Crypto Fraud CaseSEC Charges $198M Crypto Fraud, Drops Case Against Hex Founder
The SEC has taken aggressive action against Ramil Palafox, founder of PGI Global, for orchestrating a $198 million crypto and forex fraud, accusing him of running a Ponzi scheme that misused investor funds for personal luxuries. Simultaneously, the agency dropped its lawsuit against Richard Heart (Hex founder), marking a rare legal retreat. The SEC’s dual approach—pursuing one case while abandoning another—reflects shifting priorities under Chair Paul Atkins. Palafox faces injunctions and penalties, while Heart framed his case’s dismissal as a victory for open-source development. The developments highlight the SEC’s uneven enforcement in the crypto sector.
about SEC Charges $198M Crypto Fraud, Drops Case Against Hex FounderFinnish Police Seize Luxury Watches from Hex Founder Richard Heart
Finnish police seized luxury watches valued at $2.6 million from Hex founder Richard Schueler, also known as Richard Heart, who is wanted for tax evasion. Interpol issued a red notice for Schueler over tax fraud and assault allegations, while the SEC has charged him with conducting unregistered securities offerings exceeding $1 billion. The investigation revealed misuse of funds for luxury goods, including a rare black diamond.
about Finnish Police Seize Luxury Watches from Hex Founder Richard Heart