PulseChain Foundation

Accelerating growth of the #PulseChain ecosystem. A community initiative. PulseChain Foundation DAO, LLC

[PulseChain Foundation @PulseChainFDN]

Full transcript of hearing demonstrating the SEC's complete incompetence in case #SEC vs @RichardHeartWin, #HEX, #PulseChain, and #PulseX on Thursday, October 31, 2024 @ 2:00 PM

https://t.co/97xTBxxq4x

[PulseChain Foundation @PulseChainFDN]

@IvanOnTech We are busy at @PulseChainTour! You should join the next one!

[PulseChain Tour @PulseChainTour]

PLS 369 Conference Day 1 https://t.co/rav0wsVwjc

[Richard Heart @RichardHeartWin]

Federal Judge Amon dismissed the SEC's case against me, not the SEC. The SEC didn't just sue me, they sued the open source PulseX, PulseChain and HEX software as well, all dismissed. This is a win for cryptocurrency and @realDonaldTrump 's vision for America.

[Richard Heart @RichardHeartWin]

https://t.co/F14QDsMqo0 Merry Christmas everyone! Enjoy this 1 hour long recording I made for you. There's some good Bitcoin and Ethereum tips and tricks in there for you. I've prepared for this my whole life. 2025 is going to be amazing!

I misspoke when I said Coinbase sued the SEC in Texas, it was actually a couple other companies.

[Richard Heart @RichardHeartWin]

My whole life I've been preparing for the future. Anticipating it. Creating it. I've never been safer and I'm excited for the future.

The Honorable Justice in SEC v me should have her ruling out soon. Donald Trump will be in office soon. PulseX, PulseChain, HEX, INC are all functioning wonderfully. This makes some entities mad, but there's literally nothing they can do about it except be mad. It feels great to be wanted.

Nothing can stop an idea whose time has come.

[Richard Heart @RichardHeartWin]

HEX turns 5 today. 5 years of perfect, flawless operation. HEX is up 6x in price in the last 3 months. Even #Bitcoin is impressed.

HEX is immutable software that's more secure because no one can change it, ever. There are no middlemen, it's just you and the code.

HEX is an innovative, secure, useful software that does things no other software does. Run it yourself today and see.

https://t.co/HrzalaWrB4

[PulseChain Foundation @PulseChainFDN]

Good riddance. A #PulseChain win.

[SEC Chair Gary Gensler Archive @GenslerArchive]

On January 20, 2025 I will be stepping down as @SECGov Chair.

A thread 🧵⬇️

[Richard Heart @RichardHeartWin]

17 states just sued the SEC for violating the Administrative Procedure Act re: #Bitcoin & cryptocurrency. Thank the DeFi Education Fund. https://t.co/Ce4FROdDUC

[PulseChain Foundation @PulseChainFDN]

@willstevensonx @66vi @yourfriendSOMMI @RichardHeartWin @Hexologist31 @CryptoCoffee369 @ZenithDI @AWildSJ This should be fun!

[PulseChain Foundation @PulseChainFDN]

@AWildSJ @RichardHeartWin

[CryptoCoffee.pls @CryptoCoffee369]

Get the real info about the Richard Heart case from people who were actually there

This article was written by a retired lawyer who was one of over 70 people watching

The transcripts will be out soon I hear

Careful of fake crypto news

#HEX #PulseChain

[PulseChain Foundation @PulseChainFDN]

@CripToeKings @RichardHeartWin https://t.co/4Fjf7AJnUI

[PulseChain Foundation @PulseChainFDN]

@Tango_5555 @RichardHeartWin 👍the link is IPFS

[PulseChain Foundation @PulseChainFDN]

Full transcript of hearing demonstrating the SEC's complete incompetence in case #SEC vs @RichardHeartWin, #HEX, #PulseChain, and #PulseX on Thursday, October 31, 2024 @ 2:00 PM

https://t.co/97xTBxxq4x

[PulseChain Foundation @PulseChainFDN]

@Tango_5555 @RichardHeartWin 👍the link is IPFS

[PulseChain Foundation @PulseChainFDN]

@RichardHeartWin @NuclearHerbs @justbeingBlaKc @CaptainRG3 @coreycosta123 @rhmaximalist @AxisAlive @RackhamRishel @CryptoCoffee369 @HexyBastard @SteveHitson @Jori_HEX @TheSinger_DM @_CryptoKrew_ @BrotherKDG @JustAskJesse @coach_X4

[Nicolas Morgan @InvestorChAdNt]

Proud to provide pro bono representation to @PulseChainFDN in challenging the SEC's war on software, many of whom showed up at last week's motion to dismiss hearing in EDNY in SEC v Schueler. https://t.co/jWxpw0CE5K

[MGC 👑🍀 @MoneyGangCrypto]

RH VS SEC CASE SUMMARY🧵

This was a hearing on Richard Heart's motion to dismiss the SEC's case against him at 14:00 in New York

The hearing focused on two main issues - personal jurisdiction and the SEC's fraud allegations.

The courtroom was packed, with around 75 people attending across the main courtroom and an overflow room. This strong community turnout was noted.

Personal Jurisdiction Arguments:

A major focus of the hearing was whether the court has personal jurisdiction over Richard, who is based in Finland.

The judge questioned the SEC extensively on what contacts or transactions Richard had within the United States that would allow a US court to exercise jurisdiction over him.

The SEC argued that Richard's online activities, videos, and interactions with US-based individuals could establish jurisdiction. However, the judge seemed skeptical that the SEC had shown sufficient domestic transactions to meet the jurisdictional requirements.

The judge drew comparisons to a previous crypto case she had presided over (the Plexcoin case), but ultimately found the facts in that case to be quite different from the current one.

Fraud Allegations:

The SEC alleged that Richard committed fraud by misusing funds raised through the Pulse Chain project.

However, the judge pushed back on this, noting that if Richard delivered the product he promised (i.e. launching Pulse Chain), that would not necessarily constitute fraud even if he used some funds for personal expenses.

The judge questioned the SEC's arguments, asking pointed questions like "where does the blockchain live?" - suggesting she was skeptical that the SEC had established the transactions occurred domestically.

Richard's legal team presented a detailed timeline exhibit, which helped counter the SEC's attempts to make the chronology seem more suspicious.

Legal Team Performance:

Richard's legal team, particularly attorney David Kirk, were praised for their excellent preparation and lawyering.

In contrast, the SEC's arguments seemed to struggle under the judge's probing questions, with the SEC at one point appearing to abandon its "alter ego" claim against Richard's other projects.

Potential Outcomes:

Based on the judge's questioning and the performance of the legal teams,@NuclearHerbs suggested Richard's team had a strong case for getting the SEC's claims dismissed on jurisdictional grounds.

However, the final decision will likely take 60-90 days, as the judge considers all the arguments and evidence presented.

Community Involvement:

The strong community turnout and support for Richard was noted as significant, with Richard's legal team acknowledging and appreciating the community's presence.

The community's involvement and professionalism in attending the hearing was praised by the speakers.

All Credit @MatiAllin & @NuclearHerbs - Parts were taken from their Twitter Space Conversation

[Nuclear Herbs @NuclearHerbs]

Recap:

1. Richard's team is fucking stellar.

2. The judge was VERY prepared and asked a lot of pointed questions that she obviously needed direct answers to in order to make her decision.

3. Richard's team, in general, gave more specific and definitive answers to the judge's questions.

4. The SEC had trouble clearing the hurdle of proving domestic securities transactions. This is big. That alone could end this case. When the judge asks you "where does the blockchain live" and you can't answer, that's a problem.

5. We not only packed the courtroom full, but needed an overflow courtroom to hold everyone that showed up. That will definitely make an impression on the judge.

6. Did I mention that Richard's team is gangster? Holy fuck these guys are good. Michael Liftik and David Kirk argued today. I'm just glad I never had to go up against people that good. Damn.

7. Expect 60-ish days for a decision. Could be denied entirely, granted in part, or granted in full. I don't make predictions, but I do like how the hearing went.

8. @MatiAllin and I just did a space. We discussed a lot of details about what happened. I also know @rhmaximalist did a stream that I was hoping to join, but missed his message about the time. My bad.

[⬣ AWildSJ ⬣ @AWildSJ]

Today 76 $HEX and #PulseChain community members showed up in NY from 10 different countries to support @RichardHeartWin in his case vs the SEC:

Go Team Win Go!!

[Nuclear Herbs @NuclearHerbs]

Judge Amon's calendar for this Thursday.

Safe travels. See you there.

#HEX #PLS #PLSX