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Commodity Futures Trading Commission v. Ooki DAO

  1. June 09, 2023

    CFTC Hails Novel Ruling To Shutter Ooki DAO Crypto Site

    The U.S. Commodity Futures Trading Commission on Friday touted a "sweeping" courtroom victory after a court made a first-of-its-kind ruling that a decentralized trading platform could be held responsible for violating the nation's commodities laws and ordered crypto firm Ooki DAO to shut down its website.

  2. January 02, 2023

    Fintech Litigation To Watch In 2023

    The breathtaking implosion and bankruptcy of cryptocurrency exchange FTX and the subsequent arrest of its founder showered negative attention on the largely unregulated digital asset space in 2022, prompting legal experts to forecast that more enforcement actions and bankruptcies would hit the crypto industry in 2023.

  3. December 21, 2022

    CFTC Beats Back Crypto Heavyweights In Ooki DAO Case

    A California federal judge has found that the Commodity Futures Trading Commission successfully served the decentralized autonomous organization Ooki DAO, disagreeing with cryptocurrency industry advocates that claimed the entity is merely a form of technology and can't be sued under California law.

  4. December 13, 2022

    CFTC Must Serve Ooki DAO Founders After Chat Box Uproar

    A California federal judge has ordered the Commodity Futures Trading Commission to serve legal papers to the original founders of Ooki DAO, after decentralized finance advocacy groups and Andreessen Horowitz pushed back on an earlier decision to allow service through a chat box on the decentralized autonomous organization's website.

  5. November 01, 2022

    Andreessen Horowitz Joins Pile-On Of CFTC's Ooki DAO Suit

    Venture capital heavyweight Andreessen Horowitz has joined a surging protest against the way the Commodity Futures Trading Commission served court papers in its lawsuit against the decentralized autonomous organization Ooki DAO, arguing that it can't serve the DAO as an unincorporated association under California law.

  6. November 01, 2022

    Crypto VC Firm Asks CFTC For New Rules After Ooki DAO Suit

    A venture capital firm has urged the Commodity Futures Trading Commission to clarify the obligations and rights of individuals participating in decentralized autonomous organizations, or DAOs, following an enforcement action by the commission against an entity called the Ooki DAO.

  7. October 18, 2022

    Crypto VC Firm Challenges CFTC's Chatbot 'Gambit'

    A crypto venture capital firm has slammed the U.S. Commodity Futures Trading Commission's "opening procedural gambit" in its enforcement action against the decentralized autonomous organization Ooki DAO, arguing Monday that by serving court papers via a chatbot, the agency is trying to circumvent established rules and nab a default judgment.

  8. October 05, 2022

    DeFi Groups Push Back On How CFTC Served Suit

    Two decentralized finance advocacy groups have asked a California federal court to let them file amicus briefs in the U.S. Commodity Futures Trading Commission's suit against a ​​decentralized autonomous organization, arguing the agency shouldn't be allowed to serve the organization with legal papers through a chat box on the defendant's website.

  9. September 22, 2022

    CFTC Fines Crypto Co. Over Trading, Also Sues Successor

    The U.S. Commodity Futures Trading Commission announced Thursday that while it had reached a settlement with bZeroX, LLC and its founders over the agency's claims that the crypto-business offered illegal, off-exchange, digital-asset trading — it also slapped a lawsuit against an organization the federal agency says is now running the same software protocol.

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