DEP offers for draining clothing for securities against DragonChain via CRIPTO ICO

The American Secle and Exchange Commissions want to drop their unregistered securities against Blocchain company DragonChain in the latest agency agency.

In a joint department submitted to DragonChain 24. April in the Seattle Federal Court, SEC said that “believes that this case is appropriate,” citricship of the Agency CRIPTO WORKING GROUP in helping “developing a regulatory framework for cryptic property.”

“The Commission and the Accused prescribe that this civil lawsuits are rejected with prejudices (…) and without costs or fees to any party,” it was.

The SEC Sued Dragonchain, Inc.; her helper, DragonChain Foundation; Dragon company; And the founder of Dragonchain, Josip Roets, in August 2024., claiming that they raised $ 16.5 million through a crypto token that was unregistered offer of securities.

According to Secs, Dragn Tokens (DRGN) raised $ 14 million in Session in August 2017. and the initial bid of coins (Anyone) It ran in October and November of that year. At that time, it was said that the company is needed to register how tokens were investment agreements securities Laws.

Sex said that DRGN was sold between 2.5 million dollars between 2019. and 2022. year, which allegedly used to cover business costs and developing company technology.

The suit has left in October after DragonChain made an offer in SEC, which was extended In January after the agency said the case should be paused due to US President Donald Trump Execution of the executive order Earlier that month, calls for “country management in digital property”.

Meanwhile, DRGN Token has jumped 95% for more than 8.5 cents on the news about the planned SEC, but it still fell about 98.5% of its $ 5.46 in January 2018. years, toward For coongecko.

SEC took the crypt under Trump

It is the latest case involving the crypt that SEC left under Trump administration.

In January, he regained the crypto working coarse, the day after Trump re-entered the White House to keep the regulator engagement with the cryptone industry.

Related: SEC work group met with companies that support Trump to discuss cryptic regulations

Agency’s memory showing His working group met with DragonChain representatives of 24. March to talk about how the SEC should access the crypto.

Sex also rejected some of his most favorable lawsuits against cryptian companies, including his actions against coinbase, Ricks and Kraken.

Also turned out of investigations in other crypts, including OpenSea, cripto.com and unchangeable, without further planned action.

Journal: SEC is U-inclusion crypto leaves key issues unanswered