The SEC has dropped its lawsuit against Richard Heart and his crypto projects HEX, PulseChain, and PulseX, marking a significant victory for the entrepreneur. The case was dismissed due to jurisdictional issues, with the court deeming the activities lacked U.S. investor targeting. This ruling provides much-needed regulatory clarity for Heart’s ventures, offering stability for investors and enabling them to continue development without legal uncertainty. The SEC had initially accused Heart and his projects of raising over $1 billion through unregistered offerings. The case’s dismissal was a complete win for Heart and his team, who celebrated the victory, highlighting its impact on open-source software freedom.