Judge gives Heart a break, Trump throws crypto summit, Metaverse plans unveiled | Weekly Recap

Judge dismisses case against HEX founder

U.S. District Judge Carol Bagley Amon has dismissed the SEC’s lawsuit against Hex founder Richard Heart.

Heart, who also founded PulseChain and Pulsex, was accused of raising over $1 billion through unregistered cryptocurrency offerings and defrauding investors out of $12.1 million to purchase luxuries (i.e. the largest black diamond).

The judge ruled that there was insufficient connection between Heart’s alleged conduct and the U.S. Heart, a U.S. citizen, resides in Finland, where he was accused of tax evasion and assault.

Trump to host White House crypto summit

President Donald Trump will host a cryptocurrency summit on March 7, featuring industry leaders and administration officials.

The event will be coordinated by crypto and AI czar David Sacks and Bo Hines, executive director of the digital assets working group.

Trump family explores metaverse

A recent trademark application shows the Trump Official Trump

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Official Trump family’s intention to develop a TRUMP-branded metaverse. This expands their cryptocurrency ventures beyond meme coins and NFTs.

The U.S. Patent and Trademark Office filing was submitted on an “intent to use” basis.