American Crypto

American CryptoFed DAO LLC is a Wyoming-based Decentralized Autonomous Organization (DAO) established with the mission to create a new monetary system free from transaction fees. The organization proposed a two-token system: 'Ducat' as a stablecoin for transactions and 'Locke' as a governance token. However, the company has faced significant regulatory challenges, notably from the U.S. Securities and Exchange Commission (SEC), which has disputed the registration and classification of its tokens.