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US Court Classifies Tornado Cash as ‘Person’ in Verdict Echoing Ooki DAO Designation
19.8.2023
A recent ruling by a U.S. judge declared that Tornado Cash holds the legal status of a “person.” This development came on the heels of a previous verdict in June, which recognized the decentralized autonomous organization Ooki DAO in a similar manner. U.S. Judiciary Designates Tornado Cash...
Notions of DAO Immunity Sink as CFTC Lawsuit Declares Ooki DAO a ‘Person’ Under the Law
11.6.2023
On June 9, 2023, the Commodity Futures Trading Commission (CFTC) declared victory in a lawsuit against Ooki DAO, a decentralized autonomous organization. According to the CFTC, the judge’s ruling that the Ooki DAO is a “person” under the Commodity Exchange Act sets a new legal...
Ooki DAO to shut down after 'precedent setting' court battle with CFTC
10.6.2023
The CFTC highlighted that “critically, in a precedent-setting decision” the Ooki DAO was held in court as “‘person’ under the Commodity Exchange Act.”
US CFTC Wins Precedent Setting Case Against Ooki DAO, Calling It a ‘Wake-Up Call’
9.6.2023
A US district judge ruled in favor of the US Commodity Futures Trading Commission in its litigation against Ooki DAO — which could have further implications for other decentralized autonomous organizations.
Judge William H. Orrick entered a default judgment order on Thursday night, which requires...
CFTC Wins Lawsuit Against Ooki DAO
9.6.2023
The Liability of DAOs and Their Founders Has Been Put to the Test in Court
29.3.2023
Decentralized Autonomous Organizations (DAOs) are beginning to look like general partnerships in the eyes of U.S. courts
CFTC Calls for Default Judgement Against Ooki DAO in Ongoing Lawsuit
12.1.2023
A judge ruled last month that the agency had properly served the DAO after two token holders were served with the lawsuit
Ooki DAO misses lawsuit response deadline, default judgment on the cards
12.1.2023
The commodities regulator has begun the process of getting a court ruling on the Ooki DAO case after the latter failed to respond to the lawsuit by the deadline
BZeroX Founders Are No Longer Part of Ooki DAO, Lawyer Says
15.12.2022
Judge orders CFTC to serve Ooki DAO founders with lawsuit
13.12.2022
The DAO was initially served with a lawsuit via a help chat box but a federal judge said the regulator “should serve at least one identifiable Token Holder.”
US Judge in Ooki DAO Trial Orders CFTC to Serve Original Founders With Lawsuit
13.12.2022
Federal judge William Orrick said he did not previously know that Tom Bean and Kyle Kistner were current token-holders at Ooki DAO
Digital assets could add $40B a year to Aussie GDP: Tech Council report
30.11.2022
A clear principles-based regulatory approach to the digital assets sector could be a huge benefit to the Australian economy according to the report
CFTC Bypassed Legal Requirement in Trying to Serve Ooki DAO, Crypto Supporters Claim
22.11.2022
The Commodity Futures Trading Commission (CFTC) is trying to “create [a] novel precedent” for itself in trying to serve a lawsuit to the entirety of a decentralized autonomous organization (DAO), rather than the DAO’s members, one of three filings pushing back against the agency’s lawsuit said
CFTC Pushes Back Against Amicus Briefs in Ooki DAO Lawsuit
15.11.2022
The U.S. District Court for the Northern District of California ruled in October that LeXpunK Army and the DeFi Education Fund could file amicus (friend of the court) briefs in the CFTC v. Ooki DAO case
Crypto Investor a16z Wants to Join Ooki DAO Defense Against CFTC
2.11.2022
Andreessen Horowitz joins a growing list of entities looking to argue in favor of the commodities regulator serving its lawsuit against individual members of the DAO, instead of targeting the organization as a whole
More than Just the Ooki DAO: Lessons for Web3 Companies About Control After bZx
31.10.2022
CFTC commissioner compares crypto contagion risk to 2008 financial crisis
28.10.2022
The commissioner warnes that vulnerabilities seen within the crypto markets are similar to those seen during the global financial crisis and calls for the agency to be given additional authority
How Crypto Advocates Are Defending Ooki DAO
19.10.2022
The Commodity Futures Trading Commission (CFTC) had what looked like an easy case against Ooki DAO. The allegations weren’t really in dispute and the decentralized autonomous organization itself didn’t seem able to put together a response in time for a court-mandated deadline. However,...
DAOs Aren't People, Crypto Lawyers Tell Court in CFTC's Ooki Case
18.10.2022
The Commodity Futures Trading Commission shouldn't be able to serve an entire decentralized autonomous organization (DAO) at once, but rather, should serve the people in it, a group of lawyers said in an amicus filing Monday
Crypto Venture Capital Fund Paradigm Also Wants CFTC to Serve Ooki DAO's Members
17.10.2022
Crypto venture capital fund Paradigm Operations has asked a federal court for permission to join two other groups in arguing that the Commodity Futures Trading Commission (CFTC) should serve the members of a decentralized autonomous organization (DAO) directly, rather than through a generic website...