{"id":40842,"date":"2025-04-25T15:21:12","date_gmt":"2025-04-25T12:21:12","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=40842"},"modified":"2025-04-25T15:21:12","modified_gmt":"2025-04-25T12:21:12","slug":"sec-drops-dragonchain-lawsuit","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/sec-drops-dragonchain-lawsuit\/","title":{"rendered":"SEC Drops Dragonchain Lawsuit"},"content":{"rendered":"<p class=\"\" data-start=\"35\" data-end=\"367\"><a href=\"https:\/\/coinengineer.net\/blog\/when-will-the-u-s-tariff-dispute-end-is-a-deal-near\/\"><strong>The U.S. Securities and Exchange Commission (SEC)<\/strong><\/a> has officially ended the long-standing <strong>Dragonchain<\/strong> lawsuit. <strong>Dragonchain<\/strong> and its founder Joe Roets, who were accused of unregistered securities sales between 2017 and 2022, had denied all charges. A joint statement from both parties on Thursday confirmed the case has been dismissed.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/sec-drops-dragonchain-lawsuit\/#Why_Was_the_Dragonchain_Lawsuit_Dismissed\" title=\"Why Was the Dragonchain Lawsuit Dismissed?\">Why Was the Dragonchain Lawsuit Dismissed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/sec-drops-dragonchain-lawsuit\/#Crypto_Task_Force_and_the_New_SEC_Approach\" title=\"Crypto Task Force and the New SEC Approach\">Crypto Task Force and the New SEC Approach<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/sec-drops-dragonchain-lawsuit\/#Dragonchains_Price_Soars_Following_Lawsuit_Dismissal\" title=\"Dragonchain&#8217;s Price Soars Following Lawsuit Dismissal!\">Dragonchain&#8217;s Price Soars Following Lawsuit Dismissal!<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"369\" data-end=\"415\"><span class=\"ez-toc-section\" id=\"Why_Was_the_Dragonchain_Lawsuit_Dismissed\"><\/span>Why Was the Dragonchain Lawsuit Dismissed?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"417\" data-end=\"745\">In 2022, the SEC filed a lawsuit against <strong>Dragonchain<\/strong> and its affiliates over their 2017 initial coin offering (ICO). The SEC claimed that the project sold crypto assets that were considered securities to investors. However, the dismissal of the case was influenced by the SEC\u2019s newly established<strong> Crypto Task Force<\/strong> in early 2025.<\/p>\n<p class=\"\" data-start=\"747\" data-end=\"990\">In the new era, the SEC&#8217;s stance on crypto has softened, especially after former chairman Gary Gensler&#8217;s departure and the change in political dynamics. The Trump administration&#8217;s return to power has led to a more moderate approach by the SEC.<\/p>\n<h2 data-start=\"992\" data-end=\"1038\"><span class=\"ez-toc-section\" id=\"Crypto_Task_Force_and_the_New_SEC_Approach\"><\/span>Crypto Task Force and the New SEC Approach<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"1040\" data-end=\"1297\">The newly created <strong>SEC Crypto Task Force<\/strong> aims to be a reference point for determining which digital assets should be classified as securities. It was explicitly stated that community-driven and humorous memecoin projects do not fall under SEC\u2019s jurisdiction.<\/p>\n<p class=\"\" data-start=\"1299\" data-end=\"1575\">In the statement submitted on Thursday, the SEC noted, \u201cIn light of current conditions and exercising its discretion, the Commission believes it is appropriate to dismiss this case.\u201d With this decision, the legal uncertainty surrounding Dragonchain has been completely lifted.<\/p>\n<h2 data-start=\"1577\" data-end=\"1635\"><span class=\"ez-toc-section\" id=\"Dragonchains_Price_Soars_Following_Lawsuit_Dismissal\"><\/span>Dragonchain&#8217;s Price Soars Following Lawsuit Dismissal!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"1637\" data-end=\"1802\">Dragonchain&#8217;s acquittal from the SEC lawsuit led to a significant surge in its token price. Following the news, DRGN saw a 110% increase, rising from $0.39 to $0.83.<\/p>\n<p data-start=\"1637\" data-end=\"1802\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-40843\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/04\/DRGNUSDT_2025-04-25_14-54-11.png\" alt=\"drgn\" width=\"1281\" height=\"546\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/04\/DRGNUSDT_2025-04-25_14-54-11.png 1281w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/04\/DRGNUSDT_2025-04-25_14-54-11-300x128.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/04\/DRGNUSDT_2025-04-25_14-54-11-1024x436.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/04\/DRGNUSDT_2025-04-25_14-54-11-768x327.png 768w\" sizes=\"auto, (max-width: 1281px) 100vw, 1281px\" \/><\/p>\n<p class=\"\" data-start=\"1804\" data-end=\"2002\">Currently, the token is trading at $0.73, indicating renewed investor confidence. This surge clearly demonstrates the market&#8217;s reaction to the removal of legal uncertainties surrounding the project.<\/p>\n<hr \/>\n<p class=\"\" data-start=\"1804\" data-end=\"2002\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC) has officially ended the long-standing Dragonchain lawsuit. Dragonchain and its founder Joe Roets, who were accused of unregistered securities sales between 2017 and 2022, had denied all charges. A joint statement from both parties on Thursday confirmed the case has been dismissed. Why Was the Dragonchain Lawsuit Dismissed?<\/p>\n","protected":false},"author":29,"featured_media":40844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[12403,14862,14870,14871],"class_list":["post-40842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-crypto-task-force","tag-dragonchain","tag-dragonchain-sec","tag-dragonchain-sec-lawsuit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC Drops Dragonchain Lawsuit - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/sec-drops-dragonchain-lawsuit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC Drops Dragonchain Lawsuit - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The U.S. Securities and Exchange Commission (SEC) has officially ended the long-standing Dragonchain lawsuit. Dragonchain and its founder Joe Roets, who were accused of unregistered securities sales between 2017 and 2022, had denied all charges. A joint statement from both parties on Thursday confirmed the case has been dismissed. 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