Mango

Coin

<p>The post <a href="https://coinpedia.org/crypto-live-news/mango-markets-to-make-settlement-with-sec-by-paying-223228-penalty/">Mango Markets To Make Settlement With SEC By Paying $223,228 Penalty&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Mango Markets is considering making a settlement offer with the US SEC over allegations of violating US securities laws. The Mango DAO proposed a settlement that includes paying fines, destroying its MNGO tokens, and seeking delisting from trading platforms. The proposed settlement involves Mango DAO neither admitting nor denying wrongdoing and paying a $223,228 civic penalty from the DAO Treasury, which currently holds nearly $2 million in USD Coin (USDC) and other assets. The proposal aims to avoid litigation and resolve the SEC’s allegations without admitting or denying wrongdoing, which is yet to be accepted by the regulator.&nbsp;</p>

Mango Markets To Make Settlement With SEC By Paying $223,228 Penalty

CoinPedia News

Other articles published on Aug 20, 2024

Blockchain Life 2024 in Dubai Unveils First Speakers, Featuring Industry Leaders from Tether, Led...

Binance Labs New Investment: What is MyShell?

Polygon’s MATIC to POL Token Migration on September 4: Everything You Need to Know

AI CRYPTO SUMMIT 2024: The Heart of AI & Blockchain Innovation

AAVE Price Eyes $150 Despite Million in Liquidation, Will Bulls Make it?

Solana Spot ETFs Face Setback as US SEC Rejects 19b-4 Applications By Cboe

Join our free newsletter for daily crypto updates!