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DAOs Aren't People, Crypto Lawyers Tell Court in CFTC's Ooki Case

The CFTC should serve the people it believes are responsible for Ooki DAO's alleged violations rather than the DAO itself, LeXpunK Army argued Monday.

By Nikhilesh De

Updated Oct 18, 2022, 2:49 p.m. Published Oct 18, 2022, 2:12 a.m.

Attorney Stephen Palley, who co-authored an amicus brief arguing the CFTC should identify and serve the members of Ooki DAO rather than serve the DAO as an entity online. (Shutterstock/CoinDesk)