According to Gate.io News bot and Cointelegraph, the U.S. Securities and Exchange Commission (SEC) submitted a joint statement to the Seattle Federal Court, announcing the termination of the unregistered securities issuance lawsuit against the blockchain company Dragonchain and its founder Joseph Roets.
The SEC stated in a statement that this decision is related to the latest progress of its cryptocurrency asset working group in developing a regulatory framework. Previously, the SEC filed a lawsuit against Dragonchain for raising $16.5 million through an ICO in 2017.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
SEC withdraws lawsuit against Dragonchain for unregistered securities issuance
According to Gate.io News bot and Cointelegraph, the U.S. Securities and Exchange Commission (SEC) submitted a joint statement to the Seattle Federal Court, announcing the termination of the unregistered securities issuance lawsuit against the blockchain company Dragonchain and its founder Joseph Roets.
The SEC stated in a statement that this decision is related to the latest progress of its cryptocurrency asset working group in developing a regulatory framework. Previously, the SEC filed a lawsuit against Dragonchain for raising $16.5 million through an ICO in 2017.