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 unregistered commodities. CoinDesk's Nikhilesh De discusses what this means for other DAOs and decentralized finance (DeFi) actors in the industry.

By CoinDesk Staff

Jun 12, 2023 at 2:44 p.m. UTC

Jun 12, 2023

CFTCDeFicdtvFM ClipOoki DAO

A judge ruled in favor of the CFTC in its lawsuit against Ooki DAO. (Pixabay)

Policy

Regulations

CFTC Wins Lawsuit Against Ooki DAO

The regulator's victory serves as proof decentralized entities can face legal consequences for their dealings, contrary to popular beliefs.

By Elizabeth Napolitano

Jun 9, 2023 at 9:33 p.m. UTC

Jun 9, 2023

RegulationsOoki DAOCFTCDAOs

Finance

Bzerox

The Liability of DAOs and Their Founders Has Been Put to the Test in Court

Decentralized autonomous organizations (DAO) are beginning to look like general partnerships in the eyes of U.S. courts.

By Sam Reynolds

Mar 29, 2023 at 4:31 a.m. UTC

Mar 29, 2023

bZeroXbZxOoki DAOCFTC

The U.S. Commodity Futures Trading Commission in Washington, D.C. (Jesse Hamilton/CoinDesk)

Policy

Regulations

CFTC Calls for Default Judgment Against Ooki DAO in Ongoing Lawsuit

A judge ruled last month the agency had properly served the DAO after two token holders were served with the lawsuit.

By Nikhilesh De

Jan 12, 2023 at 4:38 a.m. UTC

Jan 12, 2023

RegulationsOoki DAOCFTClawsuitsDAOsUS

Policy

Regulations

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

A federal judge this week ruled the CFTC should serve the Ooki DAO lawsuit to Tom Bean and Kyle Kistner.

By Nikhilesh De

Dec 15, 2022 at 6:03 p.m. UTC

Dec 15, 2022

RegulationsCFTCLawsuitOoki DAO

Finance

Cftc

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

Federal Judge William Orrick said he did not previously know that Tom Bean and Kyle Kistner were current token holders at Ooki DAO.

By Nikhilesh De

Dec 13, 2022 at 1:08 a.m. UTC

Dec 13, 2022

CFTCOoki DAOUSLawsuit

Policy

Regulations

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

Andreessen Horowitz, LexPunK and the DeFi Education Fund filed their responses to the CFTC.

By Nikhilesh De Cheyenne Ligon

Nov 22, 2022 at 4:29 p.m. UTC

Nov 22, 2022

RegulationsCFTCOoki DAOLawsuitDAOs

CFTC Chair Rostin Behnam (Danny Nelson/CoinDesk)

Policy

Ooki dao

CFTC Pushes Back Against Amicus Briefs in Ooki DAO Lawsuit

Lawyers for the CFTC served notice of the lawsuit against the DAO via a website help bot and a forum post. The four amicus briefs say the CFTC wasn't playing fair.

By Cheyenne Ligon

Nov 15, 2022 at 3:30 a.m. UTC

Nov 15, 2022

Ooki DAOCFTCPolicyRegulations

Policy

Regulations

Crypto Investor a16z Wants to Join Ooki DAO Defense Against CFTC

Andreessen Horowitz is just the latest entity looking to argue the commodities regulator must serve its lawsuit against individual members of the DAO, not the DAO itself.

By Sandali Handagama

Nov 2, 2022 at 12:33 p.m. UTC

Nov 2, 2022

RegulationsCFTCOoki DAODAOLawsuitParadigmA16z

Podcasts

Crypto Update | DAOs Aren't People, Crypto Lawyers Tell Court in CFTC's Ooki Case

With bitcoin, ether and much of the cryptocurrency market down today, plus a look at a hilarious way to get served, CoinDesk’s “Markets Daily” is back with the latest news roundup.

By Adam B. Levine Adrian Blust

Oct 28, 2022 at 4:50 p.m. UTC

Oct 28, 2022

PodcastsMarkets DailyDAOsOoki DAORegulation