CoinVoice recently learned that according to The block, Mango DAO agreed to settle with the U.S. Securities and Exchange Commission after being accused of illegally selling MNGO tokens. Mango Labs, Mango DAO and Blockworks Foundation agreed to settle the charges and pay a total fine of $700,000. The three companies also agreed to destroy their MNGO tokens. The SEC's charges are against Mango DAO and the Panamanian entity Blockworks Foundation, accusing them of "unregistered offering and selling of crypto assets" governance tokens on the Mango Markets platform.
It was recently learned that Mango DAO began voting on a governance proposal that requires the payment of a $223,228 fine, the relinquishment of ownership of MNGO tokens, and the delisting from exchanges. The settlement only involves the investigation by the U.S. Securities and Exchange Commission. [Original link]
