Wow, the SEC has just withdrawn from the entire case against Richard Heart. The New York court had already dismissed their lawsuit earlier, and now the SEC has said they won't even file an amended complaint. Their deadline has passed, and they simply gave up.

Richard Heart immediately announced this as a complete victory. He says it's the first time the SEC has lost to cryptocurrencies in such a way — not only did they lose, but they withdrew without further attempts. His projects HEX, PulseChain, and PulseX now have regulatory clarity that almost no other token has. The SEC started the whole case in July 2023, accusing him of selling unregistered securities and raising a billion dollars.

Interestingly, even though Richard Heart won in court, his tokens were in total dump during the entire legal battle. HEX dropped 99.6% from its peak — it was at $0.51, now trading at around $0.001. But recently, it’s starting to recover; in the last 24 hours, it’s increased by 14%. Investors were waiting for a resolution, and now things might be different.

Quite a plot twist — winning in court but suffering market losses for nearly two years. Richard Heart now has a clean regulatory slate, but his projects paid a high price.