SEC withdraws the lawsuit against Dragonchain, DRGN rises by 95%

Odaily News The U.S. Securities and Exchange Commission (SEC) has reached an agreement with blockchain infrastructure company Dragonchain to drop the lawsuit against the company. The case originated in 2022 and accused Dragonchain of conducting an unregistered securities offering through the DRGN token in 2017. The move marks a shift in the SEC's regulatory stance on the crypto industry under the leadership of new chairman Paul Atkins. After the news was released, the price of DRGN rose by 95%. (Crypto In America)