Crypto Currency Update: Richard Heart’s Legal Victory and HEX’s Market Position

In a significant development for the cryptocurrency industry, Richard Heart, the founder of HEX (PulseChain), has emerged victorious in a legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC has dropped its case against Heart and his projects, HEX, PulseChain, and PulseX, marking a pivotal moment for cryptocurrency and open-source innovation.

Legal Victory for Richard Heart

The legal proceedings, which have been closely followed by the crypto community, culminated in the SEC’s decision not to amend and refile its fraud case against Heart. This decision was announced on April 23, 2025, and was confirmed by multiple sources, including Cryptopolitan and Decrypt. The SEC’s withdrawal of the case was submitted to Judge Carol Bagley Amon of the United States District Court for the Eastern District of New York, indicating a complete dismissal of all claims.

Heart, a serial entrepreneur and philanthropist, had been accused of selling unregistered securities and misleading investors. However, a federal judge dismissed the case in February, leading to the SEC’s decision not to pursue further action. Heart has publicly declared this outcome as a total victory, emphasizing the implications for cryptocurrency, open-source innovation, and free speech.

Market Position of HEX (PulseChain)

In the financial landscape, HEX (PulseChain) has shown resilience and potential for growth. As of April 23, 2025, the close price of HEX was recorded at $0.00709884. Over the past year, the asset has experienced significant volatility, with a 52-week high of $0.0314091 on December 7, 2024, and a 52-week low of $0.00358144 on September 8, 2024. This volatility reflects the broader trends and challenges within the cryptocurrency market.

Implications for the Cryptocurrency Industry

The dismissal of the SEC’s case against Richard Heart is seen as a landmark ruling, potentially setting a precedent for future legal challenges faced by cryptocurrency projects. This outcome is viewed as a major win for the industry, reinforcing the importance of open-source innovation and the protection of free speech within the digital asset space.

As the cryptocurrency market continues to evolve, the legal and financial developments surrounding HEX and Richard Heart will likely influence investor sentiment and regulatory approaches in the coming years.