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Showing posts with the label sec lawsuit

HEX Rallies 82% In 14 Days: Can It Hit $0.005 Next?

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HEX (HEX) has experienced quite a rally over the last few days. The asset is up 56.1% in the weekly charts, 82.3% in the 14-day charts, 57% over the previous month, and 44.2% since April 2024. Despite the rally, the asset is down by 0.5% in the last 24 hours. Also Read: Shiba Inu: How Long Until $1000 in SHIB Becomes $1 Million? Source: CoinGecko What’s Pushing HEX’s Price? Source: Pixabay The asset’s latest rally comes after the SEC officially dropped its lawsuit against founder Hichard Heart. The SEC filed its lawsuit against Heart in July 2023. The HEX, PulseChain, and PulseX founder was accused of garnering over $1 billion via the sale of unregistered securities. On Apr. 21, the SEC said it would not amend its complaint. The development marks a rare occurrence when the SEC has lost a lawsuit. The HEX founder’s victory also came on the same day as the swearing in of the new SEC chair, Paul Atkins. The SEC dropping its litigation could be due to Atkins’ p...

Ripple: Here's How To Be A Millionaire With XRP By 2030

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Ripple’s XRP token is among the most popular crypto assets in the market. It is also among the most utilized currencies for cross-border remittance. Despite its popularity, XRP’s price has taken a nosedive over the last few years. The asset has not breached the $1 mark since late 2021. It is also down by nearly 84% from its all-time high of $3.40, which it attained in January 2018, over six years ago. Also Read: Ripple: Two Reasons Why Investors Should Hold Their XRP And Not Sell It Why Has The Asset Performed Poorly? Source – Coinpedia One significant barrier to XRP’s price was the SEC vs. Ripple lawsuit. The financial watchdog filed a suit in December 2020, accusing the fintech company of selling unregistered securities. Recently, both parties decided to settle the matter, with the fintech company being fined $125 million. The company does not seem to have any legal woes to weigh it down, which could set the stage for XRP to hit new highs. Also Read: Why Is the...