Commodity Futures Trading Commission(CFTC) sued the Ooki DAO for not being registered with the commission.
CFTC case, Ooki DAO It started because of not being registered with the commission. The Commission is trying to uncover various management decisions made by token holders, including the rebranding of bZx DAO (now named Ooki DAO).
CFTC’s Lawsuit Against Ooki DAO
Commodity Futures Trading Commission(CFTC) late Thursday bZeroX, LLCand its founders Kyle Kistnerand Tom Bean announced a settlement with a $250,000 fine for Along with the settlement, the Ooki DAO was sued by the commission.
Case, in the U.S. District Court for the Northern District of California opened. In her CFTC complaint, Ooki accused the DAO of using its decentralized structure to evade regulatory oversight. The commission, Ooki DAO, has never been registered with the commission in any way.
CFTC In the settlement order issued by the company, it was stated that founders Kistner, Bean and bZeroX were engaged in illegal activities by not registering under current commodity laws. The commission also accused the founders of failing to comply with anti-money laundering laws.
