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Category Ooki DAO

MainNewsOoki DAO
US Court Classifies Tornado Cash as ‘Person’ in Verdict Echoing Ooki DAO Designation

US Court Classifies Tornado Cash as ‘Person’ in Verdict Echoing Ooki DAO Designation

A recent ruling by a U.S. judge declared that Tornado Cash holds the legal status of a “person.” This development came on the heels of a previous v...
Notions of DAO Immunity Sink as CFTC Lawsuit Declares Ooki DAO a ‘Person’ Under the Law

Notions of DAO Immunity Sink as CFTC Lawsuit Declares Ooki DAO a ‘Person’ Under the Law

On June 9, 2023, the Commodity Futures Trading Commission (CFTC) declared victory in a lawsuit against Ooki DAO, a decentralized autonomous organiz...
Landmark ruling: Court declares Ooki DAO a legal entity, orders $643,542 shutdown penalty

Landmark ruling: Court declares Ooki DAO a legal entity, orders $643,542 shutdown penalty

Last year, a federal district judge sided with the Commodity Futures Trading Commission (CFTC) in its civil enforcement case against the Ooki DAO (...
CFTC Lawsuit Request Ooki DAO Pay $643,542 Fine And Permanently Closed

CFTC Lawsuit Request Ooki DAO Pay $643,542 Fine And Permanently Closed

A US federal judge agreed with the CFTC's allegations that the Ooki DAO issued unregistered items and paid over $600,000 in fines.
The Liability of DAOs and Their Founders Has Been Put to the Test in Court

The Liability of DAOs and Their Founders Has Been Put to the Test in Court

Decentralized Autonomous Organizations (DAOs) are beginning to look like general partnerships in the eyes of U.S. courts.