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The CFTC filed a complaint against the Ooki DAO protocol as an “unincorporated association.''
The Commission served the lawsuit through a post in an online discussion forum. A lazy and highly unconventional approach compared to an in person delivery by a process server. The Commodities Exchange Act does not give them proper jurisdiction for this action so instead they relied on state case law involving a slip and fall case. Shameful regulation by enforcement.
Read my full blog here. https://www.hodder.law/post/cftc-v-ooki-dao
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The CFTC filed a complaint against the Ooki DAO protocol as an “unincorporated association.''
The Commission served the lawsuit through a post in an online discussion forum. A lazy and highly unconventional approach compared to an in person delivery by a process server. The Commodities Exchange Act does not give them proper jurisdiction for this action so instead they relied on state case law involving a slip and fall case. Shameful regulation by enforcement.
Read my full blog here. https://www.hodder.law/post/cftc-v-ooki-dao