According to the Gate.io News bot, Cointelegraph reported that the SEC submitted a joint statement to the Seattle federal court announcing the termination of the unregistered securities issuance lawsuit against the blockchain company Dragonchain and its founder Joseph Roets. The SEC stated in its announcement that this decision is related to the latest progress of its Cryptocurrency Asset Special Working Group in developing a regulatory framework. Previously, the SEC filed a lawsuit against Dragonchain for raising $16.5 million through an ICO in 2017.