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It turns out that the SEC has completely withdrawn the case against Richard Heart and his projects. The court had already dismissed all claims earlier, and now the SEC will not even file an amended complaint. Richard Heart says this is a total victory and that his projects now have regulatory clarity that almost no one else in the industry has.
The whole case has been ongoing since July 2023, when the SEC accused Heart of selling unregistered securities. But now, it's over—no new lawsuits.
Interestingly, despite winning in court, HEX still has a problem. The token has dropped 99.6% from its peak and is now trading for pennies. But it recently rebounded a bit—up 14% in a single day. Maybe this news of Richard Heart’s victory will change something?
What’s your take on this?