According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) has filed a joint statement with the federal court in Seattle, announcing the withdrawal of its lawsuit against blockchain company Dragonchain and its founder, Joseph Roets. The SEC stated that this decision is a result of progress made by its special task force on crypto asset regulation. Previously, the SEC had accused the company of raising $16.5 million through an unregistered securities offering in a 2017 ICO.

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