CFTC Victorious in Lawsuit Against Ooki DAO.

The U.S. Commodity Futures Trading Commission (CFTC) has won a lawsuit against decentralized autonomous organization (DAO) Ooki DAO, which allegedly offered unregistered commodities. The judge ruled that Ooki DAO operated an illegal trading platform and unlawfully acted as an unregistered futures commission merchant (FCM), ordering the organization to pay $643,542 in penalty and permanently cease its operations. This ruling challenges the perception that DeFi actors are immune to regulatory scrutiny.