SEC dismisses civil fraud case against BitClout founder with prejudice

Courtroom document on desk with BitClout token symbol, neutral lighting, signifying dismissal with prejudice.

The U.S. Securities and Exchange Commission has permanently dropped its civil fraud case against Nader Al-Naji, the founder of BitClout and DeSo, closing one of the sector’s more closely watched legal battles. The dismissal with prejudice means the SEC cannot bring the same civil claims against him again.