SEC Dismisses Major Crypto Lawsuit in Latest Move: What’s Next?
In the latest development, the U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against blockchain project Dragonchain as the agency makes a U-turn on its regulation-by-enforcement approach.
The update was revealed by Eleanor Terrett, a former Fox Business correspondent and journalist at CryptoAmerica.
The Securities and Exchange Commission has reached an agreement with Dragonchain, agreeing to drop its ongoing litigation against the company, Terrett reported. The move is consistent with the SEC’s current approach to cryptocurrency, which has seen the agency halt enforcement actions and investigations.
