Why the Ooki DAO Case Could Hurt Participation in DAOs - Ep. 402

Published: Sept. 30, 2022, 9:30 a.m.

b"Nikhilesh De, CoinDesk's managing editor for global policy and regulation, comes to talk about the CFTC lawsuit against Ooki DAO and the potential consequences across the crypto industry.\\xa0\\n\\xa0\\nShow highlights:\\n\\nthe enforcement action against Ooki DAO and the CFTC\\u2019s arguments behind it\\n\\nwhether bZx\\u2019s statements that the DAO would be beyond the reach of regulators made it a target for the CFTC\\n\\nwhether the broader implication of these charges could mean that all DeFi is illegal\\n\\nwhether the hacks of bZx made it a high-profile target\\n\\nthe CFTC Commissioner Summer Mersinger's dissenting statement and her concerns\\n\\nwho the targets of the CFTC enforcement action are\\n\\nthe consequences of the lawsuit for token holders and how to determine which token holders are liable\\n\\nwhy the CFTC chose to post a notice in the Ooki DAO forum and whether that is sufficient notice\\xa0\\n\\nwhat the next steps for DAO members are and whether there will be wide community support\\n\\nThank you to our sponsors!\\n\\xa0\\n1inch\\nCrypto.com\\n\\xa0\\nNik\\nTwitter\\xa0\\n\\xa0\\nPrevious Coverage of Unchained on regulation:\\nWhy Senator Pat Toomey Thinks SEC Chair Gary Gensler Is Wrong About Crypto\\n\\nCongressman Ro Khanna: How to Get More Democrats into Web3\\n\\nWhy the Crypto Industry Believes SEC Regulation by Enforcement Hurts US Consumers\\n\\n\\xa0\\n\\xa0\\nThe lawsuit against Ooki DAO\\nCFTC Filing\\n\\n\\n$250,000 fine\\n\\n\\nNik\\u2019s article\\n\\n\\nCFTC Commissioner Summer Mersinger\\u2019s dissenting statement\\n\\n\\nJake Chervinsky\\u2019s opinion\\n\\n\\nOoki DAO\\u2019s options\\n\\n\\nCFTC serving the members of the Ooki DAO via their forum\\n\\nTim Copeland\\u2019s article on what\\u2019s next for DAOs\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"