Richard Heart, a serial entrepreneur and founder of cryptocurrency projects, has secured a significant legal victory by dismissing all charges brought against him by the SEC.
Case Overview and Court Decision
On February 28, 2025, U.S. District Judge Carol Bagley Amon granted Richard Heart’s motion to dismiss all claims brought by the SEC. On April 21, the SEC confirmed it would not amend its complaint. The court ruled that Heart and his crypto products—HEX, PulseChain, and PulseX—were not considered unregistered securities.
Richard Heart's and Experts' Reactions
In his Twitter/X posts, Richard Heart stated: 'We have completely defeated the SEC and achieved regulatory clarity that few other cryptocurrencies have.' Experts view this ruling as a significant blow to the SEC’s strategy regarding cryptocurrencies, which has been criticized for overreach.
Implications for the Crypto Industry
With all claims dismissed, HEX, PulseChain, and PulseX now enjoy a level of legal clarity few other tokens possess. This court decision is expected to have significant ramifications for future cryptocurrency regulation and the protection of free speech within this sector.
Richard Heart’s victory in court not only bolsters his reputation but is also significant for the entire cryptocurrency industry in terms of protecting innovation and free expression.
