First US DAO to battle SEC without lawyers

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In its 2021 SEC filing, the DAO listed its native, interdependent tokens — the stablecoin Ducat and governance token Locke. The regulator has started the process of issuing a stop order, citing a slew of issues with the registration. American CryptoFed plans to file a motion to extend the deadline for responding to the SEC's Order Instituting Administrative Proceedings. (Read More)
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