Richard Heart announced a significant legal victory as the SEC abandoned its fraud lawsuit against him. The U.S. regulator had accused the HEX founder of selling unregistered securities and misleading investors about his crypto projects. A federal judge dismissed the case, ruling the SEC failed to establish jurisdiction over Heart, who is based in Finland. Heart's social media posts celebrated the outcome, emphasizing it as a win for cryptocurrency, open-source software, and free speech. Despite these legal victories, Heart is still facing serious allegations, including tax evasion and assault, leading to an Interpol red notice against him. He remains on a wanted list in Europe while his cryptocurrency projects, HEX, PulseChain, and PulseX, are seeking legal clarity amid a shifting regulatory landscape for the crypto industry. Recently, the SEC has also dropped other cases against major crypto firms, indicating a potential change in its approach under new leadership.

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