SEC dismisses civil fraud case against BitClout, DeSo founder Nader Al-Naji with prejudice

The SEC has dismissed its civil fraud case against BitClout and DeSo founder Nader Al-Naji with prejudice, ending the agency's 2024 accusations that he misappropriated over $7 million in investor funds for personal use. The dismissal with prejudice means the SEC cannot refile the same charges.