The Securities and Exchange Commission has started administrative proceedings against Wyoming-based American CryptoFed to weigh a stop order to suspend the registration of the offer and sale of two different tokens.
The SEC said it has started administrative proceedings against Wyoming-based American CryptoFed.
The Securities and Exchange Commission has started administrative proceedings against American CryptoFed, a Wyoming-based decentralized autonomous organization , to weigh a stop order to suspend the registration of the offer and sale of its Ducat and Locke tokens. The agency also said the statement contained"materially misleading statements and omissions, including inconsistent statements about whether the tokens are securities."
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