US CFTC Wins Precedent Setting Case Against Ooki DAO, Calling It a ‘Wake-Up Call’

A US district judge ruled in favor of the US Commodity Futures Trading Commission in its litigation against Ooki DAO — which could have further implications for other decentralized autonomous organizations. Judge William H. Orrick entered a default judgment order on Thursday night, which requires Ooki DAO to pay a civil penalty of $643,542, stop operating in the US and ordering it to shut down Ooki DAO’s website.... Read More: US CFTC Wins Precedent Setting Case Against Ooki DAO, Calling It a ‘Wake-Up Call’