Mango Markets to Resume Crypto Trading, SEC Be Damned

MNGO, a crypto governance token that grants its holders voting rights over Mango Markets’ operations, “was offered and sold as a security,” the SEC said, noting it is investigating “other securities law violations” alongside the Eisenberg case. That ominous pledge could have major implications for Mango Markets’ U.S. team if the SEC decides to sue.

The SEC’s specter looms over v4. In the lawsuit against Eisenberg, SEC lawyers went out of their way to mention that “Mango has been touting the upcoming launch of version 4 of Mango Markets on its website and on social media.” “I don't know exactly what they're worried about,” he said. “I don't know why they added that into the complaint, so there’s something to discuss.”

“We want to make sure that the DAO is defended, legally represented and well defended in case anyone wants to allege, or do a class action lawsuit, even if the SEC wants to file a lawsuit.”The SEC’s case against Eisenberg treats MNGO as a security . That distinction, which it had not previously applied to MNGO, could mean big trouble for the project if the agency also asserts the token is “unregistered,” multiple securities lawyers told CoinDesk.. It claimed to ban U.S.

“It is reasonable to expect that the SEC will, in most cases, determine each cryptocurrency offering is a securities offering,” he said. “As such, it is reasonable to expect that the safest course of action is that issuers and related parties comply with the securities laws.”Durairaj, the Mango founder, said in the Sunday developer call that Mango v4 will patch the issues that led to Eisenberg’s exploit.

mangomarkets realDannyNelson There is a silent WAR going on between the SEC/FED and Crypto. A WAR aimed at preserving the US$ dominance. A WAR that is being lost by the US$ (see BRICS+A new currency backed by GOLD). A WAR that wants crypto dead and CBDCs alive. Damned the SEC/FED/WEF.

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