The U.S. Securities and Exchange Commission (SEC) has officially dropped its lawsuit against Dragonchain, a blockchain technology company, signaling a potential shift in regulatory attitudes towards cryptocurrencies. This decision followed a joint statement from both parties where the SEC’s newly established Crypto Task Force played a pivotal role. 2022 saw the SEC file charges against Dragonchain alleging involvement in selling unregistered crypto securities during its initial coin offering (ICO). The lawsuit stemmed from a more stringent approach under former SEC Chairman Gary Gensler, which led to similar actions targeting other players in the industry. However, with Gensler’s departure and the potential for Donald Trump’s presidency, regulatory shifts have become evident.