WebSep 26, 2024 · The CFTC's complaint specifically cites the failure to collect customer identities as one of its three counts against the parties. The big picture: The news follows last month's sanctioning of Tornado Cash, making it illegal for anyone in the U.S. to use that anonymity technology for financial transactions. WebOct 7, 2024 · As CoinGeek reported, the CFTC alleges that the founders of bZeroX only founded the Ooki DAO to evade regulations. The regulator even claims to have obtained records of a call in which one of the founders claimed that by creating a DAO, regulators will have nobody to pursue as the organization is decentralized.

The Distributed Ledger

WebApr 10, 2024 · After the security breach, another community called Ooki DAO succeeded bZx DAO, taking ownership of the protocol. The Ooki DAO is currently the subject of an ongoing lawsuit by the CFTC. DAOs offer many advantages. They can operate globally, but there remains uncertainty as to which laws and regulations of any particular country apply. WebApr 10, 2024 · The CFTC notes that Ooki DAO violated three separate provisions of the Act and Regulations. Thus, according to the regulator, the Court should impose three times … dr anne rowland

Court Rules Digital Asset DAOs Can Be Sued by the CFTC

Webwww.cftc.gov WebJan 3, 2024 · As the court explained: “As outlined in the complaint, Ooki DAO is comprised of Token Holders who own tokens that can be used to vote on certain governance decisions, which may include pausing or suspending trading, making changes to the software protocol, distributing funds from the central Treasury, or choosing to rebrand the DAO. Web3 hours ago · In October 2024, US District Judge William Orrick granted a motion by the CFTC allowing the commission to provide a copy of its summons and complaint through … dr anne speybrouck