After a Major Victory in Its Lawsuit Against the SEC, HEX Has Been on a Rising Path

This comes after the token once again became available on Uniswap. On Tuesday, March 4th, HEX recorded a 15.18% price increase after it once again became available for trading on Uniswap.

Hex (HEX) saw a 15% price surge on Tuesday after it once again became available on Uniswap. The token’s recovery follows earlier declines, which come amid broader market uncertainty due to the US tariff policy.

Hex, a cryptocurrency project that has been the subject of a lawsuit by the Securities and Exchange Commission (SEC), is now available on Uniswap again.

The news comes after a US judge dismissed the SEC’s lawsuit against Hex on February 28. Uniswap, the biggest decentralized exchange in the world, first removed Hex in August 2023.

The move followed litigation with the SEC, which alleged that Hex was an unregistered security. The agency also accused its CEO Richard Heart of raising more than $1 billion via an unregistered offering.

Heart also allegedly misappropriated $12.1 million of the company’s money on luxury items, including sports cars, watches, and a 555-carat black diamond known as ‘The Enigma.’

For this reason, listing the token on its platform potentially exposed Uniswap to litigation, which is already under investigation by the agency.

However, since then conditions have changed drastically. The leadership change in the SEC following Donald Trump’s appointment prompted the agency to close its investigation into Uniswap. More recently, the SEC closed its litigation against many other crypto companies, including Binance and Coinbase.

Still, both Hex and its CEO continue to face legal issues. For one, the judge dismissed the SEC’s lawsuit primarily due to jurisdictional issues. At the same time, Heart is still at large, facing litigation in Finland for unrelated offenses. These include personal and business tax fraud, as well as physically assaulting a minor.

Hex is also a target of ongoing criticism over its business model, with some calling the token a Ponzi scheme. Critics also accuse the project of setting unrealistic goals, including promising returns of up to 11,500%. Heart has even confirmed using “tactics a scam might use”.