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So, I just saw that the SEC has completely dropped the case against Richard Heart and his projects. Like, they filed a document with the court saying they will no longer appeal. It happened after the judge had already dismissed everything in February, then they had given a deadline in April to refile the charges, but they decided to give up. Richard Heart of course celebrated, saying it's the first time the SEC has completely lost a crypto case. I mean, they didn't just withdraw... they lost on all charges.
The case started in 2023 when the SEC accused him of selling unregistered securities with HEX, PulseChain, and PulseX, claiming he raised over a billion dollars. They also accused him of stealing millions and buying things like sports cars and black diamonds. But now that Richard Heart has won legally, the matter is closed.
What surprises me is that HEX, the main token, is still down 99.6% from its peak of $0.5108 before everything blew up. But lately, it's bouncing back: +14% in 24 hours, +50% in a week. Probably because now, without this legal sword of Damocles hanging over him, people are regaining interest. I don't know if it's the right time to jump in, but at least Richard Heart can say he won the legal battle.