Mango

<ul><li>Mango Markets DAO unanimously votes for SEC settlement proposal.</li><li>Settlement addresses alleged securities violations without admitting fault.</li><li>DAO proposes $223,228 fine and cessation of MNGO token operations in the U.S.</li></ul>Mango Markets, a decentralized exchange (DEX) previously thriving on the Solana blockchain, is now navigating a critical juncture amidst intense regulatory scrutiny. The DAO&#39;s response to allegations of securities law violations by the U.S. Securities and Exchange Commission (SEC) involves a substantial settlement proposal that seeks to address the regulatory concerns without admitting wrongdoing.Unanimous Voting Indicates Strong Community SupportThe Mango Markets DAO has shown overwhelming <a href="https://dao-beta.mango.markets/dao/MNGO/proposal/9Ex2wAACZ928p5kMHUQcgruivFvKXZRichiuDy9iVgsL" rel="noopener noreferrer nofollow">consensus</a> in favor of the proposed settlement with the SEC, as evidenced by a unanimous vote. With 110,796,422 votes cast in support, the community&#39;s commitment to resolving these issues is clear. This strong alignment within the DAO could be crucial for the future operations and governance of Mango Markets.Details of the Settlement OfferThe proposed settlement by Mango DAO suggests a fine of $223,228 and a complete cessation of MNGO token operations in the U.S., addressing violations of Sections 5(a) and 5(c) of the Securities Act of 1933. This comes after intense scrutiny from various U.S. regulatory bodies including the DOJ and CFTC, further spotlighted by Mango Labs and Blockworks’ alleged breach of Section 15(a) of the Securities Exchange Act of 1934..<a href="https://cryptotale.org/mango-markets-approves-sec-settlement-amid-regulatory-pressure/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Mango Markets Approves SEC Settlement Amid Regulatory Pressure

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