📢 Breaking News 🚨

The U.S. Securities and Exchange Commission (SEC) has charged Mango Markets with the unregistered sale of its MNGO tokens, categorizing them as securities. This comes amid a larger crackdown on the crypto industry to ensure investor protections. Alongside Mango DAO, the SEC also settled charges against Blockworks Foundation and Mango Labs for operating as unregistered brokers.

The SEC's actions highlight the importance of compliance in the rapidly evolving cryptocurrency space. As the agency noted, labeling a project as a "decentralized autonomous organization" (DAO) does not exempt it from regulatory scrutiny.

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