Richard Heart – the man, the myth, the somewhat-controversial mastermind behind HEX, PulseChain, and PulseX – is apparently in a celebratory mood. Why, you ask? Well, it seems the SEC just gave up, waved a white flag, and decided to leave him and his cryptocurrency empire alone. Yes, you read that correctly. The SEC has decided not to file an amended complaint in a case that was, until recently, their very own personal pet project.
In a recent post on X (formerly known as Twitter, but who’s counting?), Heart gleefully shared the news. The SEC, according to him, has officially told the court that they “do not intend to file an amended complaint” and, oh, the deadline for doing so has come and gone. Oopsie!
“Richard Heart, PulseChain, PulseX, and HEX have completely and utterly defeated the SEC,” he declared, undoubtedly sipping something celebratory while writing. “And not only that, but we’ve achieved something nearly no one else has – ‘regulatory clarity’! Who knew that could be a thing?”
Today the SEC notified the court that it “…does not intend to file an amended complaint…” and their deadline to do so has expired. The Court previously dismissed the SEC’s entire case. Richard Heart, PulseChain, PulseX, and HEX have defeated the SEC completely and have…
— Richard Heart (@RichardHeartWin) April 22, 2025
Heart then went on to claim that while the SEC might have “walked away” from a few other crypto-related cases recently, his was the only one where the crypto side actually won. A clean sweep! All of the SEC’s claims were, apparently, dismissed in a most definitive fashion.
This marks the end of nearly two years of legal wrangling, and as Heart pointed out, the SEC has been on something of a “we’re done now” spree lately, with similar withdrawals against Ripple, Coinbase, and Kraken. It’s as though they’re starting to think that maybe, just maybe, they don’t need to pick fights with every cryptocurrency out there.
For those of you who’ve been living under a rock, the SEC originally filed a lawsuit against Heart in July 2023, accusing him of raising over $1 billion through unregistered securities offerings. They also had a few choice accusations about Heart buying fancy cars and other shiny objects with the funds. The usual story, really. But now? Now it’s just a distant memory, and Richard Heart is out here living his best (and legally clear) life.
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2025-04-23 14:32