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Questions linger as ‘precedent setting’ lawsuit orders Ooki DAO shut down

Ooki DAO homepage
Photo: Ooki DAO

Julie DiMauro

3 min read
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Federal judge rules a decentralized cryptocurrency collective is liable for violating commodities exchange rules. But how do you get a DAO to pay up?

Ooki DAO must pay a $643,000 fine and shut down operations after a US judge ruled in favor of the Commodity Futures Trading Commission (CFTC) in a precedent-setting decision that has implications for the regulation and oversight of decentralized autonomous organizations, or DAOs.

In a press release, the CFTC hailed

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