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SEC Seeks to Stop Registration of Misleading Crypto Asset Offerings
November 19, 2022
WASHINGTON, Nov. 19 -- The Securities and Exchange Commission issued the following news release on Nov. 18, 2022:

The Securities and Exchange Commission today instituted administrative proceedings against American CryptoFed DAO LLC (American CryptoFed), a Wyoming-based organization, to determine whether a stop order should be issued to suspend the registration of the offer and sale of two crypto assets, the Ducat token and the Locke token.

The SEC's Enforcement Division . . .

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