**Crypto News Flash: SEC Settles with Mango DAO Over Unregistered Securities**

The SEC has settled charges with Mango DAO, Mango Labs LLC, and Blockworks Foundation, alleging their MNGO token was an unregistered security. As part of the settlement, the entities will destroy their MNGO tokens, request exchanges to halt trading, and pay $700,000. This agreement is pending court approval.

- Mango DAO members voted on the settlement proposal, which passed unanimously.

- The future of Mango DAO remains uncertain without the MNGO governance token.

- The SEC emphasized the need for entities offering securities-intermediary functions to register.

What do you think about this settlement? Drop your thoughts in the comments! 💬