As the U.S. Securities and Exchange Commission continues to widen its crusade against the cryptocurrency space, the regulator recently hit Dragonchain with legal action. Reportedly, the SEC has pressed charges against Dragonchain for allegedly raising over $16 million in an offering of unregistered “crypto asset” securities. The regulatory watchdog sued three business entities associated with Roers and Dragonchain: Dragonchain Foundation, Dragonchain Inc., and The Dragon Company.