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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