PANews, April 25 - According to Cointelegraph, on April 24, the U.S. Securities and Exchange Commission (SEC) filed a joint motion with the federal court in Seattle to dismiss the lawsuit against blockchain project Dragonchain for unregistered securities issuance. The SEC mentioned that the Crypto Task Force has made progress in developing a regulatory framework. Previously, the SEC accused Dragonchain and its founder Joseph Roets of raising $16.5 million during the 2017 ICO, constituting a securities violation. The case has been delayed multiple times since the issuance of the crypto-friendly executive order by Trump. Following the news, the Dragonchain token DRGN surged 95% in a day.