The U.S. Securities and Exchange Commission says that the DAO’s registration last year for Locke and Ducat tokens failed to contain required information about its business, a claim the DAO refutes.
American CryptoFed DAO’s registration application contained inconsistent, deficient, and materially misleading statements about its two tokens, according to the securities regulator.
The Florida county has created a task force that will look into the feasibility of using digital currencies to pay taxes and will be borrowing a leaf from Wyoming’s progressive regulations.
American CryptoFed DAO LLC, which became the first legally recognized DAO in July, has filed a new S-1 to use two tokens to establish its secondary market.
