Regulatory Shackles Broken: The SEC Dismisses Richard Heart’s Case
It is official. On the last day of February 2025, as the markets enter a notably bearish trend, the SEC has dismissed its case against Richard Heart, finally unchaining the products he birthed from a long-standing regulatory uncertainty.
After months of uncertainty, speculation, and legal battles, the crypto community now watches as PLS, PLSX, HEX, INC, and more are set free to resume their trajectory to the moon. Investors who held strong through the turbulence are celebrating, while skeptics are left reconsidering their positions.
Transaction count is high, gas fees are spiking, Pulsechain is hot, fresh liquidity is being bridged in. Heart’s ecosystem is thriving, while the broader market (BTC, ETH, SOL & co) stays cautious. With this legal burden lifted, the ecosystem has a fresh opportunity to reignite interest and momentum and prove its long-term viability.
For now, one thing is certain: the SEC vs. Richard Heart saga is over, the next chapter is just beginning.
And finally, it couldn’t have been said more beautifully:
“Pursuant to Rules 12(b)(2) and 12(b)(6) of the Federal Rules of Civil Procedure, Heart moves to dismiss all claims both for lack of personal jurisdiction and for failure to state a claim. For the reasons stated below, the motion to dismiss is GRANTED.”
https://storage.courtlistener.com/recap/gov.uscourts.nyed.501047/gov.uscourts.nyed.501047.57.0.pdf
https://x.com/HowtoPulse/status/1895598007690961109
