American CryptoFed Met SEC Ahead of Decentralized Monetary System Token Approval
The post American CryptoFed Met SEC Ahead of Decentralized Monetary System Token Approval appeared on BitcoinEthereumNews.com. American CryptoFed, Wyoming-approved first regulated DAO in the US, met with the US SEC to discuss approaches to addressing issues related to crypto regulation. The crypto organization also discussed its Locke governance token amid approval The organization aims to launch a decentralized monetary system with zero inflation and deflation, zero transaction costs, and maximum employment. It would operate as a parallel system to the Federal Reserve. American CryptoFed Meets with US SEC According to a SEC Crypto Task Force memorandum, the SEC staff met with and representatives of American CryptoFed DAO founder members Scott Moeller and Xiaomeng Zhou. During the meeting, American CryptoFed confirmed that it had converted to a Wyoming unincorporated nonprofit association under UNA/DUNA Act last month. They also filed a Form 10 last month to register their Locke govern