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.
Mango DAO Rejects Proposal To Pay US SEC As Part Of Settlement
Realms data shows that the Mango DAO has rejected the proposal to pay the US SEC $700,000 as part of the settlement offer proposed by the DAO, Mango Labs, and Blockworks Foundation. They recently settled with the Commission and had agreed to pay this sum and destroy the MNGO tokens following the charges brought by the regulator for the unregistered sale of these crypto assets.
The proposal was meant to authorize the DAO representative to release the funds currently held in escrow ($669,684) to the SEC to satisfy the amount due against the DAO in satisfaction of the settlement
We współpracy z: https://coingape.com/us-sec-settlement-mango-dao-rejects-proposal-to-pay-commission/
