The SEC has initiated administrative procedures against American CryptoFed, a decentralized autonomous organization (DAO) with headquarters in Wyoming, to consider a temporary hold to halt the certification of the offer and trade of its Ducat and Locke tokens. American CryptoFed Failed to Provide Details According to the SEC, American CryptoFed failed to provide the necessary details about the company’s operations, administration, and financial standing in a Form S-1 certificate of registration submitted last year. Additionally, the organization claimed that the statement contains substantively deceptive claims and omissions, including conflicting assertions regarding whether the tokens are securities. Inquiry Management David Hirsch, head The post SEC Tries to Suspend Sale of American CryptoFed DAO Tokens appeared first on Cryptoknowmics-Crypto News and Media Platform .
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