Hex Plunges: What's Behind the Double-Digit Drop?
Hex experienced a significant price drop, with Hex plunged 12% on Tuesday after news about the SEC issuing subpoena to influencers is doing the rounds online. The crypto had reached $0.042 during the weekend. The news triggered a wave of concern among investors, leading to increased selling pressure.
SEC Investigation and Richard Heart Charges
The price dive coincides with ongoing scrutiny from the Securities and Exchange Commission (SEC). The Securities and Exchange Commission today charged Richard Heart (aka Richard Schueler) and three unincorporated entities that he controls, Hex, PulseChain, and... This legal action has undoubtedly contributed to the volatility and uncertainty surrounding Hex.
The price of HEX, a popular cryptocurrency, took a dive as Richard Heart, also known as Richard J. Schueler, was charged with securities fraud by the Securities and... The specific charges against Heart are central to understanding the current market reaction.
According to details released, In a complaint filed on Monday in Brooklyn federal court, the SEC said Heart, also known as Richard Schueler, touted his Hex token, PulseX asset trading platform and... This alleged promotion and related activities are at the heart of the SEC's allegations.
Richard Heart Responds to SEC Allegations
Richard Heart, the controversial founder of HEX, is claiming total victory over the US SEC after years of court battles. On April 21, the SEC said that it would not amend and... While details are still emerging, this assertion of victory is a significant development in the ongoing legal saga.
Further emphasizing his position, Richard Heart, the enigmatic founder of HEX, has resurfaced online with a defense against the US Securities and Exchange Commission (SEC). Heart, represented by a... This proactive response suggests a determination to fight the SEC's claims.
What's Next for Hex?
The future of Hex remains uncertain. The SEC investigation, coupled with market sentiment, will likely continue to influence its price. Investors are advised to conduct thorough research and exercise caution before making any investment decisions regarding Hex. Keep following developments in the case and the cryptocurrency market for further updates.