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American CryptoFed Argues It Was Shut Out From Dialogue With the SEC

A decentralized autonomous organization that the Securities and Exchange Commission is attempting to stop from registering and selling tokens argued at a hearing that the regulator isn’t making officials available to work through its complaints.

American CryptoFed DAO LLC said it sought dialogue with the SEC over the stop order the regulator issued in November, but its questions were left unanswered.

Zhou Xiaomeng, AmericanCryptoFed’s chief operating officer, said the organization had the right to talk with the chief accountant, among others at the SEC.

“The problem is we cannot talk even with the commission’s chief accountant,” Xiaomeng said on Wednesday during a hearing.

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