1. Home
  2. Coin Telegraph
  3. Mango Markets DAO mulls offering settlement with SEC
Mango Markets DAO mulls offering settlement with SEC

Mango Markets DAO mulls offering settlement with SEC

0

Source: Coin Telegraph

The proposed settlement involves Mango DAO neither admitting nor denying wrongdoing and paying a $223,228 fine. 

Mango Markets is considering making a settlement offer with the United States Securities and Exchange Commission (SEC) over allegations it violated US securities laws. 

The DAO that manages the Solana-based decentralized exchange (DEX) opened voting for an “SEC Settlement Offer Proposal” on Aug. 19.

The Mango DAO proposed a settlement that includes paying fines, destroying its MNGO tokens, and seeking delisting from trading platforms. 

Read more

Go to Source
Author: Martin Young