‘Fear’ May be Keeping Ooki DAO From Mounting Defense Against CFTC
No one voted the first time an Ooki DAO member tried to gather support for a legal defense effort. Just three people have voted in favor of a second effort Source
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CFTC
US CFTC as Crypto’s Regulatory Savior? Crypto Firms Might Not Like What They Get
The Senate Agriculture Committee bill – pushed by Behnam’s former boss, panel Chairwoman Debbie Stabenow (D-Mich.) – would give the CFTC an unprecedented ability to charge the crypto industry fees to fund the new oversight. The CFTC, with fewer than 700 employees, is tucked into a humble building in northwest
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CFTC can issue summons through Ooki DAO’s help chat box, says judge
The United States Commodities Futures Trading Commission can serve members of the Ooki decentralized autonomous organization, or DAO, with summons through online communications, according to a federal judge.In an Oct. 3 order granting a CFTC motion, U.S. District Judge William Orrick said the commission could provide a copy of its
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With Crypto Governance in CFTC Crosshairs, SushiSwap Exchange Mulls Legal Shakeup
The robust participation in Sushi DAO votes is, however, a stronger claim to decentralization than Ooki has ever seen, Nansen data shows. Over 1,800 individual wallets have voted in Sushi DAO in the past six months, compared to a mere nine in Ooki over the same period. That said, Sushi
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Court Rules CFTC Legally Served Ooki DAO Through Help Bot
"The CFTC should be required to take additional steps to provide notice of this Complaint to the person[s] it alleges have violated the Commodity Exchange Act ('CEA'). Service by posting on a website, without any additional effort, falls far short of what the Constitution requires," the filing said. Source
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CFTC takes legal action against Digitex futures exchange and CEO
The United States Commodity Futures Trading Commission, or CFTC, filed a complaint against Digitex LLC and its founder and CEO Adam Todd for failing to register the cryptocurrency futures exchange and manipulating the price of its DGTX token.According to a Sept. 30 court filing in the Southern District of Florida,
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CFTC Charges Digitex Founder Adam Todd With Multiple Violations of Commodity Exchange Act
According to a complaint filed in the Southern District of Florida on Friday, Todd is accused of using various corporate entities – including Digitex LLC, Digitex Limited, Digitex Software Limited and Blockster Holdings Limited Corporation – to run an illegal crypto derivatives trading platform. Original Source
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Bitcoin Could ‘Double in Price’ Under CFTC Regulation, Chairman Behnam Says
“Non-bank [crypto] institutions thrive on regulation, they thrive on regulatory certainty, they thrive on a level playing field,” Behnam added. “And they may say otherwise, they might bicker about the type of regulation – but what they love most is regulation because they are the smartest, the fastest and the
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CFTC Commissioner Kristin Johnson touts DCCPA bill in market risk advisory meeting
The United States Commodity Futures Trading Commission (CFTC) Market Risk Advisory Committee (MRAC) held its first meeting with its new membership Sept. 28. In her opening statement, the committee’s sponsor, Commissioner Kristin N. Johnson, ran through a laundry list of issues for consideration, but spent the bulk of her time talking
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The CFTC Served Ooki DAO Papers By Posting Them in an Online Discussion Forum
The lawsuit, announced last week, is the first to be brought against members of a DAO by the CFTC, and could have wide-ranging consequences for DAO regulation in the future. Charges were also filed and settled against a blockchain protocol, bZeroX – which the CFTC claims operated the same service
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