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. 
 
Show highlights:

the enforcement action against Ooki DAO and the CFTC’s arguments behind it

whether bZx’s statements that the DAO would be beyond the reach of regulators made it a target for the CFTC

whether the broader implication of these charges could mean that all DeFi is illegal

whether the hacks of bZx made it a high-profile target

the CFTC Commissioner Summer Mersinger's dissenting statement and her concerns

who the targets of the CFTC enforcement action are

the consequences of the lawsuit for token holders and how to determine which token holders are liable

why the CFTC chose to post a notice in the Ooki DAO forum and whether that is sufficient notice 

what the next steps for DAO members are and whether there will be wide community support

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Previous Coverage of Unchained on regulation:
Why Senator Pat Toomey Thinks SEC Chair Gary Gensler Is Wrong About Crypto

Congressman Ro Khanna: How to Get More Democrats into Web3

Why the Crypto Industry Believes SEC Regulation by Enforcement Hurts US Consumers

 
 
The lawsuit against Ooki DAO
CFTC Filing


$250,000 fine


Nik’s article


CFTC Commissioner Summer Mersinger’s dissenting statement


Jake Chervinsky’s opinion


Ooki DAO’s options


CFTC serving the members of the Ooki DAO via their forum

Tim Copeland’s article on what’s next for DAOs