The CFTC has won a lawsuit against OokiTrade’s decentralized autonomous organization (DAO) months after the group failed to respond to regulators’ legal complaint. LizKNapolitano reports
that the DAO violated federal commodities laws after the DAO missed a deadline to respond to the lawsuit. A judge dismissed the request, however.geofence the U.S.
Players in the decentralized finance space have long evaded the legal scrutiny faced by their centralized counterparts, but that could be changing. In March, a California court ruled bZx protocol and its token-holding community members' were liable for losses resulting from an exploit that drained their DAO's treasury. And, in April, the
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