SEC Dismissal of Dragonchain Lawsuit: A Sign of Shifting Regulatory Landscape

In a significant development, the Securities and Exchange Commission (SEC) has dropped its lawsuit against Dragonchain. Both parties jointly filed for dismissal citing recent changes within the agency, including the formation of a new Crypto Task Force. This move marks a shift from the aggressive enforcement approach under former Chair Gary Gensler, who targeted numerous crypto companies as being unregistered securities offerings.