🚨 SEC Rejects Richard Heart's Dismissal Request 🚨🌏⤴️🪙
📝 $1 billion lawsuit against Richard Heart, founder of:
💡 Hex
💻 PulseChain
📈 PulseX
🚫 Accused of:
🚨 Selling unregistered securities 🚨
💸 Misappropriating at least $12 million in investor funds 💸
🛍️ Using funds for personal luxury purchases 🛍️
🇺🇸 SEC claims:
📍 Heart's operations in the U.S. support the case 📍
📢 Advertising and support targeted U.S. investors 📢
🚫 Despite Heart's defense:
🗺️ Residing in another country 🗺️
🙅♂️ Claiming activities weren't directed toward the U.S. 🙅♂️
🚨 SEC's decision:
🚫 Dismissal request denied 🚫
📊 Case proceeds, with potential implications for:
📈 Crypto industry
📊 Regulatory landscape
👮♂️ Stay informed about the case's developments 👮♂️
