Decentraland (MANA) And Mango (MNGO) Navigating The Complexities Of SEC’s Regulations

The SEC has launched lawsuits against cryptocurrency exchanges Binance and Coinbase. The lawsuits are part of a heightened effort to regulate the industry. The SEC alleges that the exchanges violated securities laws and seeks to enforce registration with federal regulators.

The SEC’s actions serve as a warning to the public regarding the risks associated with cryptos. However, despite the lawsuits, the fair stability of Bitcoin’s price indicates that crypto investors remain largely undeterred.

Furthermore, industry analysts predict that the crackdown will have a limited immediate impact on crypto investors, as the exchanges are expected to continue normal operations throughout the ongoing legal proceedings. They also cited that previous cases, like the SEC’s lawsuit against Ripple Labs, didn’t lead to significant short-term changes.

Amid this ongoing turmoil, Uwerx continues to impress, as experts’ opinions suggest that Decentraland (MANA) and Mango (MNGO) could navigate the complexities of the SEC’s regulations. Let’s discuss the happenings in all three crypto projects.

Decentraland (MANA) May Yet Survive The SEC’s Onslaught

Decentraland (MANA) is prioritizing utility and network expansion by attracting more creators, aimed at facilitating healthier development activity throughout 2023. Projects with a long-term vision often exhibit increased development activity, which can inspire greater investor confidence.

Firstly, Decentraland (MANA) is anticipated to integrate with other blockchain-based platforms, expanding user possibilities within the ecosystem. Additionally, Decentraland’s (MANA) user base is predicted to grow as awareness of its potential increases and partnerships with other blockchain projects are established. The use of NFTs will also rise, with Decentraland (MANA) pioneering its innovative applications, such as virtual real estate trading.

This positive trajectory may result in higher demand for MANA. However, the future outlook remains uncertain as regulatory constraints loom. Yet, as of writing, Decentraland (MANA) is among the top 30 gaining crypto with a 4.53% rise.

Could This Be It For Mango (MNGO) As More Regulatory Scrutiny Surface?

This isn’t the first time Mango (MNGO) has been in recent news. In January 2023, the SEC and other regulatory bodies filed charges against a crypto user, Avraham Eisenberg, who exploited the decentralized exchange Mango Markets (MNGO). This caused the DEX to go dark.

The SEC alleged that Eisenberg manipulated Mango Markets’ MNGO token, allowing him to steal around $116 million worth of crypto. The complaint states that Eisenberg artificially inflated the price of MNGO by making large purchases, then proceeded to drain the assets from Mango Markets (MNGO ). In collaboration with other agencies, the SEC sought legal remedies.

Despite facing allegations from the SEC that their native token MNGO is a security, the developers of the decentralized crypto exchange Mango Markets are moved forward with a relaunch of the project. They remained committed to their vision despite the regulatory challenges they faced.

It is listed among the 61 cryptos deemed securities by the SEC and may face more scrutiny. With an uncertain future, Mango (MNGO) is down 8.71% as of writing.

Uwerx (WERX) Shows Potential To Yield 9,000+% For Investors

According to available Forbes data, the United States has approximately 57.3 million freelancers. As the market expands, there is a growing need for a platform that goes beyond basic features and traditional services.

Uwerx is a crypto solution that utilizes blockchain technology to offer more to the gig economy. Uwerx aims to provide freelancers with enhanced job opportunities and incentives to increase their earnings. Likewise, the platform aims to connect businesses and clients with top-tier talents to help them achieve their goals.

Uwerx envisions itself as the future of freelancing, and now is an excellent time to join the network. The platform recently launched its Alpha version. The Alpha version showcases the platform’s Landing, Sign-up, Login, Forgot Password, Hiring Dashboard, Freelancer/Client Initiation, The Initial Step of Job Creation, and Initial Step of Finding Talent, My Activity, and Job Creation process pages.

The Beta version development is already on the way as Uwerx aims to transition from Alpha to Beta soon. Uwerx encourages users to test the platform and offer feedback, thoughts, and recommendations to help improve the project. It has dedicated an email (feedback@uwerx.network) to receive these inputs.

Also read: Top Crypto Presale Projects to Invest in 2023

Uwerx locked liquidity for 25 years on June 7, 2023, to ensure long-term stability. That’s already after securing audit approvals from InterFi Network and SolidProof before presale to bolster the network’s security. In addition, Uwerx has decided to renounce smart contracts ownership upon the platform’s launch on centralized exchanges.

The original plan was to raise the price by 10% on Saturday, July 29th, 2023, at 18:00 UTC. However, the decision has been modified, and the new price will be $0.0564, which is a 7.5% hike from the current price of $0.05245, rather than the previously intended 10%.

The massive adoption also prompted the Uwerx team to increase presale token allocation to 427.5 million WERX, representing 57% of the 750 million total token supply.

Investors are encouraged to buy WERX now. Purchase your WERX tokens and earn a 15% bonus on all purchases through the provided links below. Referral bonuses are also available.

To buy the Uwerx Presale: https://invest.uwerx.network

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