The move by UBS to launch a tokenized fund on Ethereum is like “putting ETH right into the heart of traditional finance,” says one crypto commentator.

The SEC argues against Heart's dismissal motion, asserting authority over his $1 billion fraud case involving misused funds and false claims.

Coinspeaker SEC Battles Hex Founder Richard Heart in Legal Dispute, Opposes His Attempt for Lawsuit Dismissal The United States Securities and Exchange Commission has opposed the Hex founder Richard Heart's bid to dismiss its lawsuit against him. SEC

The SEC hit back at Richard Heart’s bid to dismiss its lawsuit, claiming it has sway over him as his alleged illicit securities sales targeted the US.

Key Points: The U.S. Securities and Exchange Commission is pushing back against efforts to dismiss the lawsuit by Hex founder Richard Heart. Read more: SEC Sues HEX Founder Richard Heart For $1 Billion Securities Fraud SEC Claims Jurisdiction in Hex