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SEC Stops Wyoming-Based DAO From Registering 2 Digital Tokens

SEC Stops Wyoming-Based DAO From Registering 2 Digital Tokens

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In the announcement, the SEC’s Enforcement Division alleged that on Sept. 16, American CryptoFed “filed a materially deficient and misleading registration form known as a Form 10, which purported to register two digital tokens issued by the company – the ‘ducat’ and ‘locke’ tokens – as equity securities.”

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