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Ooki DAO
CFTC Wins Lawsuit Against Ooki DAO
A federal judge has sided with the U.S. Commodity Futures Trading Commission (CFTC) in a lawsuit alleging decentralized autonomous organization (DAO) Ooki DAO offered unregistered commodities. CoinDesk's Nikhilesh De discusses what this means for other DAOs and decentralized finance (DeFi) actors in the industry.
CFTC Wins Lawsuit Against Ooki DAO
The regulator's victory serves as proof decentralized entities can face legal consequences for their dealings, contrary to popular beliefs.
The Liability of DAOs and Their Founders Has Been Put to the Test in Court
Decentralized autonomous organizations (DAO) are beginning to look like general partnerships in the eyes of U.S. courts.
CFTC Calls for Default Judgment Against Ooki DAO in Ongoing Lawsuit
A judge ruled last month the agency had properly served the DAO after two token holders were served with the lawsuit.
BZeroX Founders Are No Longer Part of Ooki DAO, Lawyer Says
A federal judge this week ruled the CFTC should serve the Ooki DAO lawsuit to Tom Bean and Kyle Kistner.
US Judge in Ooki DAO Trial Orders CFTC to Serve Original Founders With Lawsuit
Federal Judge William Orrick said he did not previously know that Tom Bean and Kyle Kistner were current token holders at Ooki DAO.
CFTC Bypassed Legal Requirement in Trying to Serve Ooki DAO, Crypto Supporters Claim
Andreessen Horowitz, LexPunK and the DeFi Education Fund filed their responses to the CFTC.
CFTC Pushes Back Against Amicus Briefs in Ooki DAO Lawsuit
Lawyers for the CFTC served notice of the lawsuit against the DAO via a website help bot and a forum post. The four amicus briefs say the CFTC wasn't playing fair.
Crypto Investor a16z Wants to Join Ooki DAO Defense Against CFTC
Andreessen Horowitz is just the latest entity looking to argue the commodities regulator must serve its lawsuit against individual members of the DAO, not the DAO itself.
