Dragonchain Soars 97% as SEC Drops Lawsuit

Dragonchain’s token, DRGN, experienced a dramatic surge of over 97%, following the Securities and Exchange Commission (SEC) announcement to dismiss its longstanding lawsuit against the company. The SEC stated it was dropping the case with prejudice, meaning it can’t be refiled. The decision is attributed to the SEC’s newly established Crypto Task Force, which cited the case as an appropriate step given the evolving regulatory landscape for crypto assets.