SEC drops lawsuit against Dragonchain for unregistered securities offerings in 2017 ICO
From Cointelegraph
April 25, 2025 01:51 am:
The US SEC is dropping its lawsuit against Dragonchain, a blockchain firm, citing the work of its Crypto Task Force in developing regulatory frameworks for crypto assets. The suit alleged Dragonchain raised $16.5 million through unregistered securities offerings, with DRGN tokens selling $14 million in a 2017 presale and ICO.
The SEC has abandoned multiple crypto-related cases under the Trump administration, including lawsuits against Coinbase, Ripple, and Kraken. A task force memo revealed discussions with Dragonchain on handling crypto regulation. The agency has dismissed investigations into OpenSea, Crypto.com, and Immutable, with no further action planned.
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