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"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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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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The United States Court of Appeals for the Second Circuit on Thursday rejected Terraform Labs CEO Do Kwon’s dispute of a subpoena by the Securities and Exchange Commission (SEC). The federal agency was seeking documents and testimony in connection with its investigation of whether Terra used the Mirror Protocol to
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Law firms Holland & Knight and Bluestone have served a defendant in a hacking case with a temporary restraining order through a nonfungible token, marking the first known legal process to be facilitated by an NFT.The so-called “service token” or “service NFT” was served to an unnamed defendant in a
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Terraform Labs CEO Do Kwon is suing the U.S. Securities and Exchange Commission (SEC).The builder of decentralized finance (DeFi) platform Terra confirmed he was served with an SEC subpoena at Messari’s Mainnet conference last month, according to a lawsuit filed Friday.The matter stretches back to May 2021, when SEC’s Enforcement
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