Richard

Celsius

Gary

<ol> 
 <li>Richard Heart responded to the SEC, saying he saved more people in crypto than the agency did.</li> 
 <li>Heart is alleged to have used his crypto platforms to take advantage of his followers.</li> 
 <li>The SEC filed a lawsuit against Heart, accusing him of raising $1 billion in an unregistered securities sale.</li> 
</ol> 
<p>Crypto influencer and Hex founder Richard Heart responded to the Securities and Exchange Commission (SEC) after the latter filed a lawsuit against him. According to Heart, he has done more to protect crypto investors than the SEC did.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Richard Heart response to Gary Gensler<br><br>This is a must watch <a href="https://t.co/UaCmc1ya32" rel="noopener noreferrer nofollow">pic.twitter.com/UaCmc1ya32</a></p>— borovik.eth (@3orovik) <a href="https://twitter.com/3orovik/status/1686061533183246336?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 31, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>In the video, Heart mentioned how he warned investors against BlockFi and Celsius — two crypto platforms that have gone bankrupt. In contrast, he said that the SEC did not make any effort in that regard.</p> 
<p>Heart also likened himself to The Giving Tree, a popular character from a book of the same name. In the video, he said that he is someone who has done a lot of good for the crypto industry.</p> 
<p>On the other hand, someone published a thread accusing Heart of doing shady transactions in crypto that benefited him. The posts even claimed Heart used Hex, a blockchain that he founded, as a means for him to get more money at the expense of his followers.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Ultimately, he setup 1,000s of wallets to farm HEX and Pulsechain. I highlighted in November that he withdrew over $50M in Pulse Chain Sacrifice funds already at this time, to his own Personal Accounts.<a href="https://t.co/i33kYutY7N" rel="noopener noreferrer nofollow">https://t.co/i33kYutY7N</a></p>— TruthLabs 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f484.png" alt="💄" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@BoringSleuth) <a href="https://twitter.com/BoringSleuth/status/1686052788185518080?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 31, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>The SEC filed a lawsuit against Heart for selling tokens amounting to $1 billion — all of which the SEC considers unregistered securities. The lawsuit mentioned Hex, PulseX, and PulseChain as the crypto platforms that Heart used to obtain money illegally from customers.</p> 
<p>At the moment, it is not sure whether Heart will plead guilty, aim to settle, or fight the SEC in court.</p> 
<p>Meanwhile, HEX has made a 50% crash in the last 24 hours in the wake of the lawsuit announcement. In the last 7 days, HEX witnessed a decline from $0.02 to $0.01.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also :</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/richard-heart-disowns-hex-pulsechain-before-getting-sued-by-sec/" rel="noopener noreferrer nofollow">Richard Heart Disowns HEX, PulseChain Before Getting Sued by SEC</a></li> 
 <li><a href="https://cryptonewsland.com/will-hex-be-worth-1-in-3-years/" rel="noopener noreferrer nofollow">Will Hex Be Worth $1 in 3 Years?</a></li> 
 <li><a href="https://cryptonewsland.com/cz-to-pass-binance-torch-to-richard-teng-amid-regulatory-woes/" rel="noopener noreferrer nofollow">CZ to Pass Binance Torch to Richard Teng Amid Regulatory Woes</a></li> 
 <li><a href="https://cryptonewsland.com/sec-replies-to-coinbase-suit-says-it-will-continue-policing-without-rules/" rel="noopener noreferrer nofollow">SEC Replies to Coinbase Suit, Says It Will Continue Policing Without Rules</a></li> 
 <li><a href="https://cryptonewsland.com/binance-positions-teng-for-leadership-in-global-crypto-market/" rel="noopener noreferrer nofollow">Binance Positions Teng for Leadership in Global Crypto Market</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/richard-heart-to-sec-amid-lawsuit-i-saved-more-people-in-crypto-than-you-did/">Richard Heart to SEC Amid Lawsuit: I Saved More People in Crypto Than You Did</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Richard Heart to SEC Amid Lawsuit: I Saved More People in Crypto Than You Did

Crypto News Land

Andre artikler publisert på 1. aug. 2023

Dogecoin Army Buzzing with Anticipation After Elon Musk's Tweet

Curve Founder Sells ~$40M in CRV Tokens Amid Liquidation Risk

New Evidence Points to Alameda and FTX’s Involvement in the Creation of Bald

Elon Musk Likely To Go After Researchers Over X Hate Speech Data

Swisstronik launches testnet, announces $70k bug bounty

Bobby and Charlie Lee Unveil Silver Cards for Litecoin’s Halving

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!