American CryptoFed presses SEC as Locke token nears key deadline
The post American CryptoFed presses SEC as Locke token nears key deadline appeared on BitcoinEthereumNews.com. American CryptoFed has urged the U.S. Securities and Exchange Commission to recognize its Locke governance token registration ahead of an Aug. 17 deadline that the organization says should take effect automatically under federal securities law. Summary American CryptoFed has urged the SEC to recognize its Locke token registration before the Aug. 17 effective date. The DAO plans to launch Locke token trading on Uniswap while following SEC disclosure and reporting requirements. American CryptoFed said progress on the CLARITY Act could support its stablecoin-linked decentralized monetary system. According to a memorandum published by the SEC’s Crypto Task Force, agency staff recently met with American CryptoFed DAO founders Scott Moeller and Xiaomeng Zhou to discuss the nonprofit’s latest registration efforts, its governance token, and legal questions surrounding decentralized or