Dragonchain Soars 155% After SEC Drops ICO Case

The Securities and Exchange Commission (SEC) has dropped its lawsuit against Dragonchain, ending a case stemming from the firm’s 2017 initial coin offering (ICO). This decision signifies a shift in the agency’s regulatory approach towards digital assets, reflecting a more flexible stance. 155% surge followed after the SEC’s dismissal of the previously filed case against Dragonchain, which was accused of operating an unregistered token offering.