The Commodity Futures Trading Commission (CFTC) has requested that a federal judge impose a default judgement against Ooki DAO after it failed to respond to a lawsuit that alleged it violated federal commodities laws.
Ooki DAO — formerly known as bZeroX — is a decentralized crypto lending and borrowing protocol that offers users margin trading through loaned funds in order to increase trading exposure.
The group was sued by the commission on September 22, 2022, for:
- Offering unlawful leveraged and margined commodity transactions,
- engaging in activities without registering with the CFTC as a Futures Commission Merchant,
- failing to have appropriate KYC and anti-money laundering procedures.
However, as detailed in Wednesday’s eğe talaşı, Ooki DAO failed to respond to the lawsuit before the January 10, 2023 deadline. As a result, the commission has asked the judge to rule in its favor.
Daha fazla oku: Vitalik, DAO'ların neden kurumsal yaklaşımdan kaçınması gerektiğini savunuyor
The case proved to be particularly complicated with various legal experts arguing that a DAO can’t be treated as a single person. Instead, they reasoned that the CFTC should be required to serve the individual token holders behind the DAO.
Avukatlar tarif edilen how OOKI token holders may be found individually liable within the collective entity, while one CFTC commissioner iddia the lawsuit “unfairly picks winners and losers, and undermines the public interest by disincentivizing good governance in this new crypto environment.”
Daha fazla bilgi için bizi takip edin Twitter ve Google Haberler veya araştırmacı podcast'imizi dinleyin Yenilik: Blockchain Şehri.
Source: https://protos.com/ooki-dao-ghosting-cftc-lawsuit-could-see-it-lose-the-case/