đ¨ Crypto News Flash! đ¨
The SEC has charged Mango DAO and Blockworks Foundation with unregistered sale of 'MNGO' tokens and broker activity on Mango Markets. They raised over $70M since August 2021, bypassing federal registration rules.
- Mango DAO & Blockworks settled, agreeing to destroy tokens and pay fines.
- MNGO tokens were governance tokens for Mango Markets, a crypto trading platform.
- Mango Markets allocated $250K in USDC to address regulatory scrutiny.
- SEC also charged Rari Capital for similar unregistered activities.
What do you think about the SEC's actions? đŹ Share your thoughts below!