SEC Drops Lawsuit Against Richard Heart: HEX Rallies 78%
The SEC has officially dropped its fraud lawsuit against HEX, PulseChain, and PulseX founder Richard Schueler, better known as Richard Heart. The cryptocurrency is experiencing quite a price surge at the moment. HEX’s price has rallied 9.9% in the daily charts, 45.9% in the weekly charts, 78.8% in the 14-day charts, 22.9% over the previous month, and 29.3% since April 2024. Also Read: Dogecoin Rallies 25% After Trump Media Deal: $0.50 Next? Source: CoinGecko HEX Wins Amid Pro-Crypto SEC Head Swearing In Source: Twitter Richard Heart’s victory comes amid the SEC welcoming the pro-Bitcoin Paul Atkins at its helm. Many are hopeful that the new head will be more lenient to the crypto industry than outgoing head Gary Gensler. According to an X post by the HEX founder, “ This is a victory for open-source software, cryptocurrency, and free speech. The SEC actually sued software code itself in this case, claiming it could be an alter ego of a person. This would have set a terr...