The SEC is having trouble serving a lawsuit against Hex and PulseChain founder Richard Schueler, known as Richard Heart, for allegedly selling unregistered securities.
The U.S. Securities and Exchange Commission (SEC) filed a request in August for the case to be served on Helsinki-based Schueler by the Finnish Ministry of Justice, but has not yet received a response that notification has been made.
Judge Peggy Kuo, who presided over the case on behalf of the Eastern District of New York, decided to postpone the teleconference, which was previously scheduled for November 28, to January 30, 2024. SEC’s complaint “Many of the cryptoasset transactions mentioned here occurred on a decentralized cryptoasset trading platform called Uniswap, whose developers are based in Brooklyn.” Because the expression was used, the case was assigned to the Eastern District of New York.
The SEC has accused Schueler of selling unregistered securities since the end of 2019. more than $1 billion He accuses her of collecting money and spending it on luxury cars, designer clothes and the black diamond known as the Enigma.