SEC plans to withdraw its ICO securities lawsuit against Dragonchain, leading to a 95% surge in DRGN within the day According to Cointelegraph, the US Securities and Exchange Commission (SEC) has submitted a joint filing to the Seattle Federal Court on April 24th, proposing to withdraw the unregistered securities issuance lawsuit against the blockchain project Dragonchain, stating that the Crypto Task Force has made progress in developing a regulatory framework. Previously, the SEC accused Dragonchain and its founder Joseph Roets of violating securities issuance regulations by raising $16.5 million during the 2017 ICO. The case has been delayed multiple times since Trump issued a crypto friendly executive order. Affected by the news, Dragonchain token DRGN rose 95% within the day.