The Securities and Exchange Commission (SEC) of the United States has filed a joint request from the Dragonchain blockchain company to reject its current trial against the cabinet.
The decision, submitted Thursday, reflects a broader change in policy within the agency following the creation of its crypto working group earlier this year.
The SEC initially launched a legal action against Dragonchain in August 2022, accusing the company and its affiliates of carrying out an offer of titles not registered through their initial offer of parts (ICO) 2017.
Trump’s re -election triggers a softer position on cryptography regulations
Under former President Gary Gensler, the SEC continued aggressive implementation measures against many crypto projects, saying that many digital assets have qualified as not registered investment securities.
However, with the re-election of President Donald Trump and the departure of peopleler, the dry has softened his position on the regulation of cryptocurrencies.
The newly formed crypto working group has focused on the clarification of digital assets that do not fall under the agency’s jurisdiction, recently declaring that most coins are not considered titles.
New from me: dry drops dragonchain pruits of pursuit in the last reversal of the application of cryptography
“We finally have the right to innovate without fear”, ” @Dragonchain founder @ j0j0R0 told me.
Read the Friday edition of the @Cryptoamerica_ bulletin
– Eleanor Terrett (@elean branch) April 25, 2025
New from me: dry drops dragonchain pruits of pursuit in the last reversal of the application of cryptography
https://t.co/9iemyJ1oad“In the light of the above and the exercise of its discretion and as a policy, the Commission considers that the rejection of this case is appropriate,” noted the dry in its file.
The news of the dismissal sparked a net rally in the native token of Dragonchain, the DRGG, which jumped more than 100% in the last 24 hours, reaching $ 0.07898, according to CoinmarketCap.
Crypto-friendly Paul Atkins sworn as a dry chair
As indicated, Paul Atkins was sworn in as the president of the SEC on Monday, marking a change in leadership which is greeted by the digital asset industry.
Under the direction of Atkins, the SEC has already withdrawn or delayed several important cases against cryptographic companies.
The agency abandoned its prosecution against Coinbase and Cumberland DRW earlier this year, and a separate survey on the Laboratoires Uniswap closed in February without action in application.
Last week, the agency also closed its survey on Cyberkongz, an eminent NFT and game project based on Ethereum, without any application measure.
More recently, the SEC announced that it would not pursue legal proceedings against Richard Schueler, better known as Richard Heart, the founder of Hex, Pulsechain and Pulsex.
SEC lawyer, Matthew Gulde, informed the judge of the New York district court, Carol Bagley Amon, that the regulator would not file a complaint modified following the previous rejection by the court of his case.
Judge Amon had rejected the initial SEC complaint on February 28, citing a lack of jurisdiction, because the activities of heart were deemed specifically directed against American investors.
The SEC position moved to reject the trial against the Blockchain Dragonchain company, the DRGN increases 100% first on Cryptonews.
