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Tag: Ooki DAO

Cryptocurrency Regulatory and Legislative Analysis #11

Cryptocurrency Regulatory and Legislative Analysis #11July 5, 2023Demetrios TseasRegulatory and Legislative Analysis – GLOBALBasel Committee on Banking Supervision publishes guidelines for cryptoassets treatment The...

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CFTC Wins Lawsuit Against Ooki DAO

A federal judge has sided with the U.S. Commodity Futures Trading Commission (CFTC) in a lawsuit alleging decentralized autonomous organization (DAO) Ooki DAO offered...

Sushi Braces for Legal Fight After SEC Subpoena

‘Head Chef’ Asks for $3M to Cover Legal Expenses Sushi, a decentralized exchange with almost $600M in user deposits, and its “head chef” have been...

CFTC Chair Rostin Behnam Continues Calls for Non-Security Tokens Regulations

The chairman of the United States Commodity Futures Trading Commission, often known as the CFTC, is Rostin Behnam, and he has said that he...

The legal dangers of getting involved with DAOs

Buying DAO tokens? That’s no longer risk-free: Courts might consider you a partner in the business and judge you liable for millions in hacked...

Regulate Web3 Apps, Not Protocols Part III: The Web3 DAO Dilemma

January 24, 2023 Miles Jennings This is the third part in a series, “Regulate Web3 Apps, Not Protocols”, which establishes a web3...

Missing lawsuit response date, Ooki DAO faces default judgment.

El Salvador has recently passed historic legislation that will provide the legal basis for a Bitcoin-backed bond to be issued in the country. This...

Web3 projects aim to create engagement between fans and sports leagues

The multi-billion-dollar sports industry is undergoing a digital transformation and Web3 elements are likely to play a major role. This notion was highlighted in...

BZeroX Founders Are No Longer Part of Ooki DAO, Lawyer Says

"In particular, as you no doubt recall, the settlement between our clients states (at page 14, Section 3(3)f): 'Respondents shall cease all participation in...

Judge Directs CFTC To Sue Ooki DAO Creators

An early complaint was served on the DAO using a support chat box; however, a federal court later ruled that the regulator "shall serve...

US Judge in Ooki DAO Trial Orders CFTC to Serve Original Founders With Lawsuit

"At the hearing, the CFTC asserted it knew that some of Ooki DAO’s Token Holders reside and conduct business in the United States because...

CFTC Bypassed Legal Requirement in Trying to Serve Ooki DAO, Crypto Supporters Claim

“The CFTC relies upon a razor thin metaphysical distinction between the Ooki DAO and Ooki Protocol. According to the CFTC, the Ooki Protocol is...

Judge allows CFTC to serve Ooki DAO members through help chat box

A judge in the Northern District of California will let the Commodity Futures Trading Commission serve Ooki DAO members through online forums.  U.S. District Judge...

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