In a recent ruling, District Judge Carol Bagley Amon found that the US Securities and Exchange Commission (SEC) failed to demonstrate sufficient contacts between crypto entrepreneur Richard Heart and the US. The court rejected the SEC's argument that Heart's virtual appearances at US conferences established jurisdiction. The court did not rule on whether Heart's projects, Hex, PulseChain, and PulseX, violated securities laws, only that they exceeded US authority. The SEC had accused Heart of conducting unregistered crypto offerings and misappropriating investor funds. Judge Amon has given the SEC 20 days to file an amended complaint addressing jurisdictional deficiencies. In December, Interpol issued a red notice for Heart, but it is up to individual countries to decide whether to take action.



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