US Judge Allows Crypto Advocates to Join Ooki Defense Against CFTC

US CFTC as Crypto’s Regulatory Savior? Crypto Firms Might Not Like What They Get

The CFTC sued Ooki DAO last month, alleging the collective group offered illegal leveraged and margin trading products, as had its predecessor company bZeroX. While the regulator settled the bZeroX charges with the company’s founders, it was unable to identify key figures attached to the DAO, and sought permission to serve it by posting on a forum and a chat bot. Controversially, the CFTC also alleged that every voting member of the DAO should be held individually liable for the illicit activity.

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