SEC Shifts Course, Drops Dragonchain Crypto Lawsuit

On Thursday, both parties filed a joint motion to dismiss the case, citing recent changes within the agency, including the formation of a new Crypto Task Force. From Crackdown to Collaboration Back in 2022, the SEC accused Dragonchain of conducting an unregistered securities offering during its 2017 ICO. The agency, under former chair Gary Gensler, aggressively pursued crypto companies under the belief that most digital assets qualified as securities. That period saw lawsuits against numerous firms across the industry source: https://coindoo.com/sec-shifts-course-drops-dragonchain-crypto-lawsuit/