🏛️ POLICY: American CryptoFed withdrew its 10 trillion-token Locke filing before it could take effect automatically on Aug. 15, after SEC staff flagged material disclosure failures. The catch: no tokens were issued, and the SEC still has not ruled whether Locke is a security. By: @akibablade https://cryptoslate.com/the-crypto-project-trying-to-replace-the-us-banking-system-just-pulled-its-10-trillion-token-filing/(CryptoSlate)