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Wow, I just read that the SEC has withdrawn the entire case against Richard Heart and his projects HEX, PulseChain, and PulseX. The court had already dismissed the original complaint earlier, and the SEC was supposed to file an amended version by April. Instead, they simply gave up. Richard Heart immediately declared victory, saying this is the only case where the SEC lost and cryptocurrencies won across the board.
The case had been ongoing since July 2023, with the SEC accusing him of selling unregistered securities and raising over a billion dollars. They claimed Richard Heart used the money for sports cars and diamonds. But the court didn't buy it, and now it's all over.
It's interesting that HEX dropped almost to zero during the whole battle — from a high of $0.51 to just 0.2% of that value. But recently, it started to rebound a bit, with a 14% increase in the last 24 hours. Maybe people are coming back now that the legal case is closed? Curious to see what will happen next with these projects.