The Good Tech Companies - Richard Heart Triumphs In Court After SEC Case Dismissed In Full

Episode Date: April 25, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/richard-heart-triumphs-in-court-after-sec-case-dismissed-in-full. Landmark Ruling Marks Major Win for Cryptocurrency, Open-Source Innovation, and Free Speech Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #hex, #chainwire, #press-release, #high-profile-crypto-lawsuits, #sec-crypto-regulation, #crypto-exchange, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Richard Heart has won the complete dismissal of all claims brought against him by the U.S. Securities and Exchange Commission (SEC) The SEC filed suit in July 2023, accusing Heart of raising more than $1 billion through unregistered offerings and spending millions on personal luxuries.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Richard Hart triumphs in court after SEC case dismissed in full, by Chainwire. New York, US, NY, April 25, 2025, Chainwire, in a sweeping legal victory, serial entrepreneur, author, and philanthropist Richard Hart has won the complete dismissal of all claims brought against him by the US Securities and Exchange Commission, SEC, U.S. District Judge Carol Bagley-Aman granted Richard Hart's motion to dismiss on February 28, 2025. The SEC had until last Monday, April 21, to amend its complaint and ultimately announced, it does not intend to file an amended complaint

in this matter. These events fully clear Hart and his blockchain products, HEX, Pulsechain, and Pulsex, of allegations that they constituted unregistered securities and also dismisses claims that Hart misused investor funds, greater than, Richard Hart, Pulsechain, Pulsex, and Hex have defeated the SEC completely greater than and have achieved regulatory clarity that nearly no other coins have. They're greater than now safer to work with in ways that almost no other coins are. This is the greater than only case where the SEC lost and crypto won across the board, with a dismissal greater than in court of every single claim the SEC brought. Comments from Richard Greater Than Hearts Twitter, X on Monday's news.

brought. Comments from Richard Greater Than Heart's Twitter, X on Monday's news. Legal analysts view the ruling as a decisive blow to the SEC's expansive crypto-enforcement strategy, one increasingly criticized for regulatory overreach and repeatedly rebuked by courts as arbitrary and capricious. The SEC filed suit in July 2023, accusing Hart of raising more than $1 billion through unregistered offerings and spending millions on personal luxuries. In an unusual legal approach, the SEC also named his open-source crypto products, Hex, Pulsechain, and Pulsex, as co-defendants, alleging they were Hart's, AlterEgos.

Judge Carroll Bagley Amon of the U.S. District Court for the Eastern District of New York rejected the SEC's arguments in full, ruling that the agency lacked jurisdiction and the offerings were globally accessible but not specifically targeted at the United States. The court also found no substantial connection to domestic securities transactions, stating that the tokens were not sold on U.S. exchanges and that the SEC failed to show any direct marketing to U.S. investors. The court further dismissed the SEC's fraud claims in full, finding the agency had failed to demonstrate that any investor communications were misleading or that the alleged misuse

of funds occurred within US jurisdiction. As a result, all claims against Hart and his blockchain products were dismissed. The SEC later confirmed it does not intend to amend or refile its complaint, allowing the dismissal to stand and formally closing the case with no findings of wrongdoing. From the outset, Hart has always maintained that his products fully comply with the law. Now it's official, this is a landmark win for cryptocurrency, open-source innovation, and free speech. Greater than, this dismissal reinforces that publishing software, especially open source

greater than blockchain code, is protected speech," said Twitter, ex-user at Nuclear Herbs, a greater-than-US-based attorney who attended the hearings. Legal analysts view the ruling as a decisive blow to the SEC's expansive crypto-enforcement strategy, one increasingly criticized for regulatory overreach and repeatedly rebuked by courts as arbitrary and capricious. With all claims dismissed, Hex, PulseChain, and Pulsex now carry a level of legal clarity Feweather tokens in joy. Contact journalist Taylor Kennedy freelance TLDR Taylor at protonmail.com. Tip This story was distributed as a release by Chainwire under Hacker Noon's Business Blogging Program.

Learn more about the program here. was distributed as a release by Chainwire under Hacker Noon's business blogging program. Learn more about the program here. Thank you for listening to this Hacker Noon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.