SEC Backs Down: Dragonchain Escapes ICO Lawsuit in Surprise Move

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2025-04-25 11:31:07

Regulators fold their hand—Dragonchain’s 2017 token sale dodges legal reckoning as SEC quietly drops case. Another win for crypto’s ’move fast and break things’ playbook.

Behind the scenes: Bureaucrats realized chasing a six-year-old ICO was about as productive as auditing a meme stock’s fundamentals. The ’Howey Test’ meets the ’Whatever Test’.

Closing thought: When even the SEC gets tired of playing whack-a-mole with pre-bull market projects, maybe it’s time to admit the regulatory playbook needs a chain upgrade.

DRGN/USD Price Chart | Coingecko

Following news of the dismissal, Dragonchain’s DRGN token jumped 128% in 24 hours, according to CoinGecko. It’s still far below its all-time high of $5.46 in 2018, but the spike broke a months-long slump.

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