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
Thank you to our sponsors!
Nik
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
Learn more about your ad choices. Visit megaphone.fm/adchoices
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://unchainedpodcast.com/why-the-ooki-dao-case-could-hurt-participation-in-daos-ep-402/
- :is
- 000
- a
- About
- across
- Action
- Ad
- against
- All
- and
- ARE
- arguments
- BE
- behind
- believes
- Beyond
- blockchain
- broader
- by
- bZX
- case
- CFTC
- CFTC lawsuit
- Chair
- charges
- choices
- chose
- Coindesk
- commissioner
- community
- Consequences
- could
- coverage
- crypto
- Crypto Industry
- DAO
- DAOs
- DeFi
- Democrats
- Determine
- editor
- enforcement
- ETH
- For
- Forum
- Gary
- Gary Gensler
- Gensler
- get
- Global
- hacks
- high-profile
- highlights
- holders
- How
- How To
- HTTPS
- Hurt
- in
- industry
- IT
- lawsuit
- made
- managing
- Members
- more
- next
- of
- on
- ooki
- participation
- pat toomey
- plato
- Plato Data Intelligence
- PlatoAiCast
- PlatoData
- podcast
- policy
- Policy and Regulation
- Post
- potential
- reach
- Regulation
- regulation by enforcement
- Regulators
- s
- SEC
- sec chair
- Senator
- Statement
- statements
- Steps
- sufficient
- summer
- Talk
- Target
- targets
- that
- The
- their
- These
- Thinks
- to
- token
- token holders
- toomey
- Unchained
- us
- via
- Visit
- Web3
- whether
- which
- wide
- will
- would
- Wrong
- Your
- zephyrnet