The SEC abandons the lawsuit against Hex founder

ChainCatcher news, according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) announced that it will no longer refile the securities fraud lawsuit against Hex founder Richard Heart. Previously, the court dismissed the SEC's original lawsuit, stating that the regulatory agency failed to prove jurisdiction over Heart's activities. Heart called this a victory for open-source software, cryptocurrency, and freedom of speech.