https://u.today/no-dao-status-will-not-save-you-from-cftc-new-ruling-says"CFTC celebrates victory in Ooki DAO case, six-digit penalty imposed
In Europe, discussion about regulation for DeFi is underway
As per a statement shared by the CFTC, the U.S. District Judge treated a decentralized autonomous organization (DAO) as a "person" in a recent ruling. This document is a crucial precedent for Web3 regulatory frameworks in the U.S. CFTC celebrates victory in Ooki DAO case, six-digit penalty imposed On June 9, 2023, the U.S. District Judge William H. Orrick ruled that Ooki DAO violated the law by operating an illegal trading platform and acting as a futures commission merchant."
