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Approval for digital tokens halted over misleading information
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The Securities and Exchange Commission is halting the registration as securities of two digital tokens issued by American CryptoFed DAO LLC over allegedly insufficient and misleading information on their registration form, the agency said on 10 November
Established in July, American CryptoFed, which calls itself “the first Wyoming decentralised autonomous organisation” on its website, submitted the registration form for the tokens Ducat and Locke as equity securities on 16 September.
The...
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