SEC Drops Dragonchain Lawsuit: Impact on DRGN Token Sparks Market Reaction

The U.S. Securities and Exchange Commission (SEC) has officially dismissed its lawsuit against Dragonchain, Inc., sending the price of their DRGN token surging over 95% in a matter of hours. This decision comes after a series of communications between Dragonchain and the SEC regarding the company’s utility licenses for its tokens. The dismissal underscores broader shifts in regulatory focus under the post-Trump administration, specifically with the creation of the Crypto Task Force to clarify token classification. The market reacted swiftly to the news, experiencing increased volatility, especially for DRGN token holders.