Richard Heart, PulseChain, PulseX, and HEX have defeated the SEC

[polonieth]

Big news that passes all the bitcoin maxis by:

"The final judgement is in. I have defeated the SEC in court, something almost no cryptocurrency has ever done. PulseChain, PulseX and HEX have a legal certainty almost no other coins have. I won for your freedom to publish and associate on the blockchain and to publish the software that empowers you to do so. I did it with no help at all from the "industry" that I've won a victory for. It's time for us all to take it to the next level, the coast is clear for greatness! New opportunities are now open!"

Further reading:

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Thread 'Richard Heart taking on the SEC'

Jan 10, 2024

https://twitter.com/x/status/1744858068981268985

Some heavy hitters forming his legal counsel. The idea that blockchains are speech; therefore, using blockchains is a protected human right as an exercise of free speech, guaranteed by the First Amendment forms part of his motion to dismiss.

• polonieth
• Replies: 17
• Forum: BitCoin, AltCoins - CryptoCurrency

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Thread 'Transcript of the oral argument in the SEC vs. Richard Heart case'

Nov 6, 2024

Full transcript: https://beta.fileverse.io/files/5343494b-2e9c-484e-9b50-31b78fc9fcad

The jurisdiction argument is strong. Hard to predict, but I will go for partial dismissal for the claims against Hex & PulseX due to jurisdictional weaknesses while allowing more specific fraud allegations to proceed. But pending additional arguments or evidence on these points.

It's a big case for Crypto, though. Yet relatively ignored.

• polonieth
• Replies: 0
• Forum: BitCoin, AltCoins - CryptoCurrency

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Thread 'US judge dismisses SEC fraud lawsuit against Richard Heart'

Mar 1, 2025

A federal judge dismissed on Friday a lawsuit by U.S. securities regulators accusing an online entrepreneur of raising more than $1 billion through unregistered cryptocurrency offerings and defrauding investors out of $12.1 million to buy luxuries including the world's largest black diamond.
U.S. District Judge Carol Bagley Amon in Brooklyn cited a lack of ties between Richard Heart's alleged conduct and the United States in deciding to toss, opens new tab the U.S. Securities and Exchange Commission's 2023 lawsuit against Heart, a U.S. citizen residing in Finland.

The SEC...

• polonieth
• Replies: 7
• Forum: BitCoin, AltCoins - CryptoCurrency

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[diatessaron]

It only proves that the SEC is corrupted, like the case against Ripple did.

 

[polonieth]

Regulation by enforcement was known about long before this case.

Don't people realise that this guy beat the SEC in court??

Charges weren't dropped like others. The motion to dismiss was granted.