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.”
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Judge orders CFTC to serve Ooki DAO founders with lawsuit
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.”
CFTC action shows why crypto developers should get ready to leave the US
Decentralized autonomous organizations (DAOs) were supposed to be regulation-proof. Federal regulators now have targeted not just a DAO, but also its investors.
CFTC can issue summons through Ooki DAO’s help chat box, says judge
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.
Ooki DAO members explore options in response to CFTC lawsuit
Members of the Ooki DAO are discussing various ways to respond to the recent lawsuit filed by the CFTC.
CTFC slammed for ‘blatant regulation by enforcement’ over Ooki DAO case
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.