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Cryptopolitan 2023-06-11 16:36:03

Landmark ruling: Court declares Ooki DAO a legal entity, orders $643,542 shutdown penalty

Last year, a federal district judge sided with the Commodity Futures Trading Commission (CFTC) in its civil enforcement case against the Ooki DAO (Decentralized Autonomous Organization.) This decision might have far-reaching repercussions for the DAO structure. The CFTC calls the court’s ruling that the DAO is a “person” under the Commodity Exchange Act a “sweeping ... Read more

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