PANews reported on April 23 that according to Ccointelegraph, the U.S. Securities and Exchange Commission said it does not intend to re-file a securities fraud complaint against Hex founder Richard Schueler. Matthew Gulde, a lawyer for the regulator, said in a letter to New York District Court Judge Carol Bagley Amon on April 21: "The plaintiff Securities and Exchange Commission issued this notice indicating that it does not intend to file an amended complaint on this matter."

Earlier news , the judge dismissed the US SEC's lawsuit against Hex token founder Richard Heart.