Decoding the CFTC’s Lawsuit In opposition to Ooki DAO

Decoding the CFTC’s Lawsuit In opposition to Ooki DAO

by Jeremy

“A key bZeroX goal in transferring management of the bZx Protocol (now the Ooki Protocol) to the bZx DAO (now the Ooki DAO) was to aim to render the bZx DAO, by its decentralized nature, enforcement-proof. Put merely, the bZx Founders believed that they had recognized a technique to violate the Act and Rules, in addition to different legal guidelines, with out consequence … The bZx Founders have been incorrect, nonetheless. DAOs usually are not immune from enforcement and should not violate the legislation with impunity,” the criticism stated.

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