Nikhilesh De, CoinDesk's managing editor for global policy and regulation, comes to talk about the CFTC lawsuit against Ooki DAO and the potential consequences across the crypto industry.
Show highlights:
the enforcement action against Ooki DAO and the CFTC’s arguments behind it
whether bZx’s statements that the DAO would be beyond the reach of regulators made it a target for the CFTC
whether the broader implication of these charges could mean that all DeFi is illegal
whether the hacks of bZx made it a high-profile target
the CFTC Commissioner Summer Mersinger's dissenting statement and her concerns
who the targets of the CFTC enforcement action are
the consequences of the lawsuit for token holders and how to determine which token holders are liable
why the CFTC chose to post a notice in the Ooki DAO forum and whether that is sufficient notice
what the next steps for DAO members are and whether there will be wide community support
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Previous Coverage of Unchained on regulation:
Why Senator Pat Toomey Thinks SEC Chair Gary Gensler Is Wrong About Crypto
Congressman Ro Khanna: How to Get More Democrats into Web3
Why the Crypto Industry Believes SEC Regulation by Enforcement Hurts US Consumers
The lawsuit against Ooki DAO
CFTC Filing
$250,000 fine
Nik’s article
CFTC Commissioner Summer Mersinger’s dissenting statement
Jake Chervinsky’s opinion
Ooki DAO’s options
CFTC serving the members of the Ooki DAO via their forum
Tim Copeland’s article on what’s next for DAOs
