Mango Markets Is Latest Crypto Project to Settle SEC Charges [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
Most Read from Bloomberg Mango DAO, Blockworks Foundation and Mango Labs didn't admit or deny the allegations, but agreed to pay nearly $700,000 in civil penalties. They also agreed to destroy their MNGO governance tokens, to request trading platforms to remove the tokens and “to refrain from soliciting any trading platform to allow trading in or offering or selling MNGO,” according to an SEC statement Friday. The settlements are subject to court approval. In recent years, the SEC has filed cases against a slew of crypto projects and exchanges, including Coinbase Global Inc. and Binance Holdings, accusing them of facilitating trading in unregistered securities. The agency has also gone after decentralized projects, sending a Wells notice, threatening to sue, to Uniswap Labs, according to the decentralized exchange project. BarnBridge DAO settled with the SEC last year. Back in August, holders of MNGO, which is Mango Markets' governance token, voted to approve a settlement with th
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