PANews reported on April 25 that according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has submitted a joint document to the Seattle Federal Court on April 24, intending to withdraw the unregistered securities issuance lawsuit against the blockchain project Dragonchain, saying 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 ICO in 2017, constituting securities issuance violations. The case has been delayed several times after Trump issued a crypto-friendly executive order. Influenced by the news, Dragonchain token DRGN rose 95% during the day.