It’s just a game. Playing Cryptopoly since December 2013. #bitcoin #eth #pulsechain $cah 🌙🌴
London, England
Joined January 2014
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SEC Formally Ends Case Against Richard Heart — No Amended Complaint to Be Filed
Today, the U.S. Securities and Exchange Commission (SEC) submitted official notice to the Eastern District of New York confirming it will not file an amended complaint in the case SEC v. Richard J. Schueler (a.k.a. Richard Heart), HEX, PulseChain, and PulseX (Case No. 1:23-cv-05749-CBA-PK).
The original complaint, filed in July 2023, alleged violations related to unregistered securities and misappropriation of funds. On February 28, 2025, U.S. District Judge Carol Bagley Amon dismissed the SEC’s complaint in full, granting the Commission leave to amend. That deadline was later extended to April 21, 2025.
In a letter filed today, the SEC officially declined to amend the complaint, bringing the case to a final and conclusive end. This decision confirms that HEX, PulseChain, and PulseX are not securities, as determined by the Court, and affirms the decentralized nature of the projects built by Richard Heart.
This outcome marks a major legal and ideological victory for decentralized finance and the broader crypto industry.
Mr Coins 🥂 retweeted
SEC Formally Ends Case Against Richard Heart — No Amended Complaint to Be Filed
Today, the U.S. Securities and Exchange Commission (SEC) submitted official notice to the Eastern District of New York confirming it will not file an amended complaint in the case SEC v. Richard J. Schueler (a.k.a. Richard Heart), HEX, PulseChain, and PulseX (Case No. 1:23-cv-05749-CBA-PK).
The original complaint, filed in July 2023, alleged violations related to unregistered securities and misappropriation of funds. On February 28, 2025, U.S. District Judge Carol Bagley Amon dismissed the SEC’s complaint in full, granting the Commission leave to amend. That deadline was later extended to April 21, 2025.
In a letter filed today, the SEC officially declined to amend the complaint, bringing the case to a final and conclusive end. This decision confirms that HEX, PulseChain, and PulseX are not securities, as determined by the Court, and affirms the decentralized nature of the projects built by Richard Heart.
This outcome marks a major legal and ideological victory for decentralized finance and the broader crypto industry.
Community Vindication
The community never wavered.
Now you’ve been vindicated, and the energy that comes from this will be explosive. The next wave starts now.
RH’s Legacy
Richard Heart stood against the storm and won.
This isn’t just a legal win. It’s a narrative shift.
From FUD to facts.
From outsider to pioneer.
The next era of #PulseChain starts NOW.
$PLS $PLSX $HEX $INC
If someone could fix the vulnerabilities in MakerDAO and re-launch it.... it would be an unbeatable decentralised self-supporting financial ecosystem
Literally, why the f would you have unlimited mintability of the governance token on a protocol that has more than 7 billion of highly liquid collateral to be redeemed by it on Ethereum?! Not even considering the mints you can do by modifying the oracles to acquire all the Dai liquidity and being able to short everything that would crash with Dai nuking on Ethereum.
I wonder how hard would it be to bribe delegates to share those billions with the keys they hold?
Maker is beautifully designed and there is a lot of thought put to it all. But the vulnerabilities are so high risk to nuke Ethereum that it's hard to ignore them.
pDAI is not just a token to its holders, it's hope for a better future, financial freedom, untouchable money
Where are we now with pDAI?
1. Minting is capped - no more infinite pDAI can be created
2. If there was an exploiter, they’re out - no control remains
3. If it was coordinated, 5996 may have intentionally handed control to Cattie to begin phase two
4. If it wasn’t, then pDAI has been pulled into the Atropa ecosystem and holders are now aligned with its future
So pDAI was either exploited and it was fixed or it was theatrics and the pDAI show goes on….
pDAI to $1 (or more or less)
Mr Coins 🥂 retweeted
The Flop auctions have begun. $pMKR seems to be working as designed. To all those that have been threatened, silenced, and scared away: the transition to flop auctions is a critical milestone worth noting. $pDAI supply deflation is here. $pDAI to $1. NFA
JOY is zero. The auctions have begun.
pMKR is being minted. pDAI is being burned. The system isn’t collapsing - it’s correcting.
This is the first decentralised stablecoin to fight for its peg with no central bailout.
And the market is watching.
pDAI to $1 🤝
What’s happening now?
pDAI is being used to bid in flop auctions
That pDAI is then burned, reducing system debt
Each auction tightens supply and applies upward pressure on the peg
This isn’t artificial.
This is monetary policy, enforced by code - not banks.