The CFTC highlighted that “critically, in a precedent-setting decision” the Ooki DAO was held in court as “‘person’ under the Commodity Exchange Act.”
CFTC Wins Lawsuit Against Ooki DAO
The Liability of DAOs and Their Founders Has Been Put to the Test in Court
Decentralized Autonomous Organizations (DAOs) are beginning to look like general partnerships in the eyes of U.S. courts.
Ooki DAO misses lawsuit response deadline, default judgment on the cards
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.
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.”
The CFTC’s Ooki Dao action is a bad omen for American crypto developers
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.