The US Securities and Exchange Commission (SEC) has officially closed its case against the Blockchain company Dragonchain, leading to a significant price surge for the associated DRGN token. This follows a settlement agreement reached between the SEC and Dragonchain in October of this year. 🤝 The SEC’s decision to drop the lawsuit stems from their progress in developing a comprehensive regulatory framework for cryptocurrencies. In the settlement, the SEC agreed to dismiss its previously filed case against Dragonchain (DRGN) in exchange for cooperation on regulatory matters. Notably, the SEC had alleged that Dragonchain raised $16.5 million through an ICO in 2017 and that their tokens should be registered as securities under existing laws.