PANews reported on April 23 that according to Ccointelegraph, the U.S. Securities and Exchange Commission stated that it does not intend to file a new securities fraud complaint against Hex founder Richard Schueler. The agency's lawyer, Matthew Gulde, wrote in a letter to Judge Carol Bagley Amon of the New York District Court on April 21: "The plaintiff Securities and Exchange Commission issues this notice to indicate that it does not intend to file a modified complaint in this matter."
Previous news, the judge dismissed the SEC's lawsuit against Hex token founder Richard Heart.
