SEC Drops Dragonchain Crypto Lawsuit Over ICO
The U.S. Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against blockchain firm Dragonchain, ending a long-running case over the sale of crypto tokens.
In a joint court filing made on April 24 in a federal court in Seattle, the SEC said the dismissal was “appropriate,” pointing to the work of its newly formed Crypto Task Force and a shift in its approach to digital assets.
The court filing confirmed that the case would be dismissed “with prejudice,” meaning it cannot be brought back in the future. “The Commission and the Defendants stipulate that this Litigation be dismissed with prejudice […] and without costs or fees to either party,” the document stated.
The lawsuit was originally filed in August…
