Judge Directs CFTC To Sue Ooki DAO Creators

The Commodities Future Trading Commission (CFTC) must serve its complaint to the Ooki decentralized autonomous organization's two founders, according to a federal court. The DAO was first served a lawsuit through a support chat box, but a federal court ordered the regulator to "serve at least one identified Token Holder". After discovering Bean and Kistner were Oki DAO token holders, Judge Orrick evaluated the CFTC's litigation service. The CFTC and amicus brief filers appeared before the U.S. District Court for the Northern District of California on Dec. 7. "Illegally providing leveraged and margined retail commodities trades in digital assets" via bZeroX led to Bean and Kistner's CFTC settlement. It sued Ooki DAO, claiming it used bZerox's software after taking control. (Read More)

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Ooki DAO Seeks Legal Defence against CFTC Drawing on Community Support

With the lawsuit from the CFTC now filed, the DAO has opened a public forum for discussion such that its members will explore the best avenues to respond to the lawsuit. (Read More)

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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.

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CFTC serves Ooki DAO members lawsuit via governance discussion forum

The Commodity Futures Trading Commission (CFTC) served a lawsuit against Ooki DAO via its website chat box and its online governance forum, according to a September 27 court filing.

The post CFTC serves Ooki DAO members lawsuit via governance discussion forum appeared first on CryptoSlate.

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Lawsuit against Ooki DAO Takes New Twist as CFTC Commissioner Dissents Ruling

The regulator said Ooki DAO offered digital asset margin trading, which they’re not permitted by law to do. (Read More)

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CFTC levies $250K fine on bZeroX, charges Ooki DAO for regulatory violations

The Commodity Futures Trading Commission (CFTC) imposed a $250,000 fine against bZeroX, a blockchain trading protocol, and its two founders.

The post CFTC levies $250K fine on bZeroX, charges Ooki DAO for regulatory violations appeared first on CryptoSlate.

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Notions of DAO Immunity Sink as CFTC Lawsuit Declares Ooki DAO a ‘Person’ Under the Law

On June 9, 2023, the Commodity Futures Trading Commission (CFTC) declared victory in a lawsuit against Ooki DAO, a decentralized autonomous organization. According to the CFTC, the judge’s ruling that the Ooki DAO is a “person” under the Commodity Exchange Act sets a new legal precedent. This decision could be quite significant as it’s the [...]

The post Notions of DAO Immunity Sink as CFTC Lawsuit Declares Ooki DAO a ‘Person’ Under the Law appeared first on Crypto Breaking News.

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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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