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SEC Sues Dragonchain for $16.5 Million Dragon Token ICO The agency alleges Dragonchain's founder raised millions in unregistered crypto asset securities offerings in 2017. The U.S. Securities and Exchange Commission has further broadened its crusade against the cryptocurrency industry, announcing charges against John Joseph Roets, chief architect of Dragonchain, for allegedly raising $16.5 million in unregistered "crypto asset” securities offerings. The Tuesday filing follows the SEC's assertion that popular crypto exchange Coinbase listed unregistered securities on its platform in July. #SEC #drahinchain #dragontoken

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