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April 23, 2025

SEC Targets $198M Crypto Fraud as It Drops Case Against HEX’s Richard Heart

The US Securities and Exchange Commission has launched new charges against a major crypto fraud operator while dropping a controversial case against HEX’s Richard Heart. This represents the SEC’s first significant enforcement action since the appointment of SEC Chair Paul Atkins. Under his leadership, the SEC aims to enhance the fight against cryptocurrency scams. The focus is now on holding perpetrators accountable and safeguarding investors amid the evolving crypto landscape. This recent crackdown emphasizes the SEC’s commitment to strict oversight within the cryptocurrency market and comes at a crucial time as scams proliferate. Investors should stay informed and vigilant in monitoring the landscape as these threats continue to arise.

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