United States of America: SEC lawsuit against Mango DAO and Blockworks Foundation for alleged violation of registration requirements for crypto brokers
Progress
Current status
under investigation
27 Sep 2024 under investigation
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
judiciary
Government Body
court
Implementation Level
national
Timeline of events
Issued Interim ruling in SEC lawsuit against Mango DAO and Blockworks Foundation for alleged violation of registration requirements for crypto brokers
On 27 September 2024, the Securities and Exchange Commission (SEC) filed charges against Mango DAO, Blockworks Foundation, and Mango Labs LLC for their involvement in the unregistered offer and sale of 'MNGO' tokens and for acting as unregistered br…
SourceEvent type
public lawsuit
Action type
interim ruling
Government branch
judiciary
Government body
court