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The CFTC highlighted that “critically, in a precedent-setting decision” the Ooki DAO was held in court as “‘person’ under the Commodity Exchange Act.” Go to Source Powered by WPeMatico
The commodities regulator has begun the process of getting a court ruling on the Ooki DAO case after the latter failed to respond to the lawsuit by the deadline. Go to Source Powered by WPeMatico
The DAO was initially served with a lawsuit via a help chat box but a federal judge said the regulator “should serve at least one identifiable Token Holder.” Go to Source Powered by WPeMatico
Decentralized autonomous organizations (DAOs) were supposed to be regulation-proof. Federal regulators now have targeted not just a DAO, but also its investors. Go to Source Powered by WPeMatico
A federal judge said the court’s decision was based on the CFTC effectively serving the Ooki DAO by providing the necessary documents in its Sept. 22 lawsuit. Go to Source Powered by WPeMatico
Members of the Ooki DAO are discussing various ways to respond to the recent lawsuit filed by the CFTC. Go to Source Powered by WPeMatico
The CFTC’s actions have even been met with strong pushback from its own commissioner, while others have drawn comparisons to the SEC’s regulation by enforcement tactics. Go to Source Powered by WPeMatico
