U.S. District Judge Carol Bagley Amon in Brooklyn cited a lack of ties between Richard Heart's alleged conduct and the United States in deciding to toss the U.S. Securities and Exchange Commission's 2023 lawsuit against Heart, a U.S. citizen residing in Finland. Representatives for the SEC and for Heart did not immediately respond to requests for comment. The SEC had alleged that Heart, also known as Richard Schueler, touted his Hex token, PulseX asset trading platform and PulseChain asset network on YouTube and other websites as pathways to "grandiose wealth."