Ooki DAO to shut down after ‘precedent setting’ court battle with CFTC
The CFTC highlighted that “critically, in a precedent-setting decision” the Ooki DAO was held in court as “‘person’ under the Commodity Exchange Act.”
Auto Added by WPeMatico
The CFTC highlighted that “critically, in a precedent-setting decision” the Ooki DAO was held in court as “‘person’ under the Commodity Exchange Act.”
The full Agriculture Committee heard testimony from CFTC Chair Rostin Behnam, a full roster of former regulators and Coinbase’s chief legal officer.
The framework under the bill would allow certain tokens to qualify as digital commodities if they were decentralized and crack down on the SEC’s previous approach to crypto.
Christy Goldsmith Romero pointed to the collapse of FTX, Terra and Celsius in having the CFTC reconsider the way it handled risk management.
The letter is a reminder, but a highly specific one that is reminiscent of the SEC’s recent custody rule proposal in part.
The Commodities Futures Trading Commission (CFTC) has sued five individuals for falsely promoting bitcoin and crypto trading services, thereby swindling unsuspecting investors. The defendants in the case, according to the…
Speaking on the Unchained podcast on May 23, Dan Berkowitz muddied the regulatory waters even further by stating that crypto assets can be both commodities and securities. The notion goes…
Changpeng Zhao is the crypto exchange's founder, majority owner and chair. He is also the CEO and co-founder of the global crypto exchange, Binance.
With the European Union coming closer to passing the Markets in Crypto Assets framework and Kraken in the process of investing in the United Kingdom, lawmakers are taking notice.
CFTC Commissioner Christy Goldsmith Romero has urged crypto companies to verify the digital identity of users, saying that Congress is considering new laws addressing anonymity and digital identity.