SEC Dismisses Lawsuit Against Dragonchain, Sparks Surge in DRGN Token

The U.S. Securities and Exchange Commission has dismissed its lawsuit against blockchain firm Dragonchain over allegations regarding the sale of DRGN tokens as unregistered securities. This regulatory decision comes as part of a broader trend in which the SEC appears to be stepping back from aggressive enforcement, as seen in similar cases involving Ripple and Coinbase. The dismissal has alleviated legal uncertainties surrounding Dragonchain, leading to a remarkable 95% increase in the DRGN token price within 24 hours. Investors have responded with marked confidence, viewing the move as a sign of renewed viability and an evolving regulatory environment that may benefit the wider crypto market.