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Court gives CFTC authority to sue DAOs
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Case Law, Emerging Technology, Nonbank Financial
Tuesday, February 14, 2023
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In September 2022, the Commodity Futures Trading Commission (CFTC) filed a complaint in federal district court in San Francisco against Ooki DAO, a decentralized autonomous organization, alleging violations of the Commodity Exchange Act and CFTC Regulations.
Supporters of Ooki DAO asserted in an amicus brief the CFTC could not bring a complaint against Ooki DAO because it is not an entity. The court disagreed.
Read on for more details.
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