On a fine Thursday, like something out of a peculiar fairy tale, both parties waved their magic wands and motioned to dismiss the case. Why? Because the SEC, formerly the grumpy old giant of crypto land, decided to shuffle its deck and unveil a shiny new Crypto Task Force. Yes, a task force! Sounds fancy, doesn’t it?
An Unexpected Turn: From Dragon Hunt to Cozy Chat
Once upon 2022, the SEC, led by the formidable wizard Gary Gensler, pointed their fingers at Dragonchain, accusing it of stirring up an unregistered securities cauldron back in 2017. The agency was on a crusade, slapping lawsuits on crypto companies like a hyperactive dragon breeder hoarding fiery lawsuits.
But ah! With a new sheriff in town—courtesy of a more crypto-friendly White House after Donald Trump got the boot—the SEC suddenly put down their pitchforks. They’ve started to ease up, letting giants like Coinbase and Kraken breathe easier instead of roasting them over a Twitter fire.
Dragonchain: The Lucky Dragoneling Snagging the SEC’s New Hug
Dragonchain, it seems, is the first lucky hatchling to get a giant, warm bear hug from the SEC’s new, softer approach. The dropped lawsuit is like a shimmering golden ticket, signaling not only a reprieve for the company but a whole new dawn where Washington might just want to be pals with crypto, not its mortal enemy. Who knew? 🐉🤝
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2025-04-25 14:32