AMENDMENT NO. 1 TO FORM 10

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 10-12G/A

GENERAL FORM FOR REGISTRATION OF SECURITIES
Pursuant to Section 12(b) or (g) of The Securities Exchange Act
of 1934

American CryptoFed DAO LLC
(Exact name of registrant as specified in
its charter)

Wyoming
(State or other jurisdiction of incorporation or organization)

87-2207963
(I.R.S. Employer
Identification No.)

1607 Capitol Ave., Suite 327, Cheyenne, WY
(Address of principal executive offices)

82001
(Zip Code)

(307) 206-4210
Registrant's telephone number, including area
code

Securities to be registered pursuant to Section 12(b) of the
Act:
Title of each class
Name of each exchange on which to be so registered
each class is to be registered


Securities to be registered pursuant to Section 12(g) of the
Act:

Ducat: Inflation and deflation protected stable
token, used for pricing goods and services, for daily
transactions, for accounting and for store of value.
(Title of class)

Locke: Governance token, used for stabilizing Ducat
and for Locke holders to participate in network
rulemaking and decision making.
(Title of class)

Indicate by check mark whether the registrant is a
large accelerated filer, an accelerated filer, a
non- accelerated filer, smaller reporting company,
or an emerging growth company. See the definitions
of "large accelerated filer," "accelerated filer,"
"smaller reporting company," and "emerging growth
company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer: No
Accelerated filer: No
Non-accelerated filer: Yes
Smaller reporting company: Yes
Emerging growth company: Yes


The Registrant originally filed a Form 10-12G with the
Securities and Exchange Commission on September 16, 2021,
registering the Registrant's Ducat and Locke tokens.

The following amendment to be added to the contents submitted in
Item 1 Business - Section 2.9 serves to clarify how Ducat's
attributes of price stability and universal acceptance
fundamentally contradict with attributes of securities. Locke
is an endogenous, inherent, native and indispensable element for
Ducat's functional integrity. Ducat and Locke, taken as
a whole, are not securities.


ITEM 1. BUSINESS
Section 2.9
-----------------------------------
Ducat and Locke Are Not Securities
(Supplementary analysis to Form 10 Filing Item 1 Business -
Section 2.9 Locke and Ducat as Utility Tokens, Page 26)

1.	Ducat - Factual Confirmation
Ducat has two major currency attributes which securities do not
have.

	i. Stability against Personal Consumption Expenditure (PCE)
	Price Index

		* US Dollar: 2% PCE Price Index Annual Change
		(2% inflation) vs. Ducat: 0% PCE Price Index Change
		(zero inflation)

		* In price stability, Ducat is not only similar to
		the US Dollar, but also more stable than the US dollar.

		* No securities are stable against (PCE) Price Index.

	ii. Universal acceptance by merchants for directly purchasing
	goods and services

	* The US dollar is universally accepted by merchants for
	directly purchasing goods and services.

	* Ducat, by design, is universally accepted by merchants for
	directly purchasing goods and services, without converting to
	US dollars.

	* No securities can be universally accepted by merchants for
	directly purchasing goods and services, without converting to
	US dollars.

2.	Locke - Factual Confirmation
Ducat's boundary includes all endogenous, native and inherent
elements which are indispensable for the functional integrity of Ducat.
Locke is an endogenous, native and inherent element of Ducat and cannot
be separated from Ducat. If Ducat is not a security, Locke should not
be a security either.

	* Locke is needed for CryptoFed?s open market operations to
	maintain Ducat's stability against the PCE Price Index.

	* If Locke were separated from Ducat, then an exogenous,
	foreign, and external instrument would need to be used
	for open market operations to maintain Ducat's stability
	against the PCE Price Index. However, an exogenous, foreign,
	and external instrument has costs and is out of the direct
	control of CryptoFed, which could introduce instability to
	the CryptoFed Monetary System. This would result in the
	destruction of the functional integrity of Ducat. Meaning,
	zero inflation, zero deflation and zero transaction fees
	would be difficult to maintain.

	* The Fed uses governmental securities to conduct open market
	operations to maintain US dollar stability.  Those governmental
	securities are an exogenous, foreign, and external instruments
	for the Fed. The governmental securities have costs and require
	taxation to pay those costs back. Governmental securities are
	out of the Fed's direct control and can introduce additional
	inflation the Fed cannot handle. To overcome this systematic
	design flaw of using governmental securities by the Fed, the
	CryptoFed Monetary System, by design, utilizes an endogenous,
	native and inherent Locke to conduct open market operations.

3.	Legal Argument

CryptoFed fully agrees with the SEC's holistic approach in
applying the Howey analysis in the [Framework for "Investment Contract"
Analysis of Digital Assets]: "The focus of the Howey analysis is not
only on the form and terms of the instrument itself (in this case,
the digital asset) but also on the circumstances surrounding the
digital asset and the manner in which it is offered, sold, or resold
(which includes secondary market sales). Therefore, issuers and other
persons and entities engaged in the marketing, offer, sale,
resale, or distribution of any digital asset will need to
analyze the relevant transactions to determine if the federal
securities laws apply."

  https://www.sec.gov/corpfin/framework-investment-contract-
analysis-digital-assets