The US Securities and Exchange Commission (SEC) has charged Blockworks Foundation, the issuer of the decentralized exchange Mango Market (MNGO), and Mango DAO with allegations including the unregistered sale of the governance token MNGO. The SEC alleges that Blockworks Foundation, a Panamanian company, sold MNGO tokens to investors without registering the offering with the agency. The SEC also alleges that Mango DAO, a decentralized autonomous organization (DAO), failed to register as an investment company. The SEC's charges against Mango DAO and Blockworks Foundation are a reminder that the agency is taking a close look at the cryptocurrency industry. The SEC has brought several enforcement actions against cryptocurrency companies in recent years, and it is likely to continue to do so as the industry grows. It is important for cryptocurrency companies to be aware of the SEC's regulations and to take steps to comply with them. Failure to do so could result in enforcement actions, such as those brought against Mango DAO and Blockworks Foundation.