WASHINGTON — American CryptoFed is a new kind of company spawned by the advent of cryptocurrency — one that claims, in a way, not to be a company at all.

The cryptocurrency boom has spawned enterprises democratically governed by a community of users. Or that’s the theory.

WASHINGTON — American CryptoFed is a new kind of company spawned by the advent of cryptocurrency — one that claims, in a way, not to be a company at all. 0

"American CryptoFed DAO, which planned to create a crypto payments system, the Securities and Exchange Commission in November effectively shut it down, saying the enterprise was “materially misleading” the public with contradictory filings that failed to disclose key information such as audited financial statements."