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American CryptoFed DAO, the first decentralized autonomous organization (DAO) to get legal recognition in the United States, is at risk of losing its registration after the U.S. Securities and Exchange Commission (SEC) dug up anomalies in the Form S-1 registration statement dated Sept. 17, 2021.The Wyoming Secretary of State’s office
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The DAO, which describes itself as a “monetary system with zero inflation, zero deflation, zero transaction costs,” filed last year to register the tokens with the SEC for use in a secondary market and in refundable auctions at a higher value than their original purchase price from CryptoFed. Original Source
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American CryptoFed DAO, a Wyoming-based decentralized autonomous organization, has filed two forms with the United States Securities and Exchange Commission, or SEC, to launch two variants of inter-dependent stablecoins named Locke and Ducat.According to CryptoFed’s Form 10 submission, the tokens are awaiting their registration as utility tokens hosted on the
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