US SEC Settlement: Mango DAO Rejects Proposal To Pay Commission

Quick Summary:

The Mango DAO has rejected the proposal to pay the US Securities and Exchange Commission (SEC) $700,ooo as part of Mango Market’s settlement with the Commission for their unregistered MNGO token sales.

This comes amid the Crypto Com’s recent lawsuit against the Commission following a Wells Notice, which the regulator issued to the crypto exchange.

Interestingly, smart contract developer Henry revealed in an X post that the proposal was sailing through with over 100 million votes in favor.

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets: India

Topics: Regulation News 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 14:46:13 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 448 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22969619

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