The SEC is Drowning—And Richard Heart’s Legal Team Just Smelled Blood

The SEC just got slapped down in court, and instead of taking the loss like professionals, they’re doing what every weak hand in crypto does: stalling, coping, and praying for a miracle.

On March 1st, 2025, the court dismissed their complaint against Richard Heart. That should have been game over. The judge gave them 20 days to file an amended complaint if they could somehow fix their case. But now, with the deadline closing in, they’ve come crawling back, asking for an extra 30 days to “review the evidence” and “reevaluate” their next move.

Let’s be real—this isn’t about reviewing anything. This is a desperate attempt to keep the illusion alive. If they had a real case, they wouldn’t need an extension. They’d already have their arguments locked and loaded. Instead, they’re stuck in bureaucratic quicksand, buried under their own bad decision-making.

The SEC’s Pathetic Excuses

In their request to Judge Carol Bagley Amon, they gave three reasons for needing more time:

1. They’re still reviewing the court’s order and reassessing their evidence.

Translation: We just got wrecked, and we don’t know what to do next.

2. They have to run things through their internal bureaucracy before making a decision.

Translation: We need more time to figure out how to justify wasting taxpayer money on this case.

3. Richard Heart’s legal team requested a meeting to discuss whether the case should continue.

Translation: We weren’t expecting the defense to be this strong, and now we’re scrambling for options.

Meanwhile, Heart’s legal team isn’t playing along. They oppose the extension outright, calling the SEC’s case what it is: a mess that can’t be fixed.

Why This Smells Like Desperation

The SEC is supposed to regulate securities, not fumble around like a bagholder down 99% on a meme coin. This extension request shows they don’t have a solid case, and they know it. They’re clinging to this lawsuit, hoping to dig up something—anything—to keep it alive.

But here’s the thing: you can’t fix a fundamentally broken case.

This was never about investor protection. It was about narrative control. The SEC saw a decentralized system they don’t control, and they tried to slap it down. But unlike the usual victims of their overreach, Heart fought back—and won.

What Happens Next?

Now, we wait. The judge can either:

Deny the extension and force the SEC to file their amended complaint by March 20 (or not file at all, letting the case die).

Grant them an extra 30 days, giving them until April 19 to rewrite their failed case.

If they get the extension, expect them to drag their feet and try to throw together a half-baked amended complaint. But the reality won’t change: they already lost.

Final Thoughts: The SEC is Bleeding, and We Smell Blood

This is what happens when corrupt bureaucrats try to attack innovation—they get exposed. The SEC is on the back foot, scrambling to stay in the game. But the truth is, they’ve already lost.

The crypto community sees through this. Richard Heart’s legal team smells blood, and so do we.

It’s only a matter of time before this case collapses for good. No amount of extensions will change that.

~Veritya Thalassa