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The White House vetted candidates for all four vacant Commodity Futures Trading Commission (CFTC) seats, according to CNBC. Two of those seats belong to Democrats. Nothing in law requires them to be filled, as the statute caps one party at three of...

Senator Cynthia Lummis wrote on X: developers should not need lawyers to know if their code is legal. The CLARITY Act, she argues, is the fix. The Digital Asset Market Clarity Act has recently cleared two major legislative hurdles, passing the House...

Binance delists $IDRT, $KP3R, $OOKI, and $UNFI tokens, halting trading and withdrawals, following an asset review process.

The reasons behind these delistings vary, with each token facing unique issues. However, every token has come amid regulatory crossfires. The post Coinbase Drops Multichain, Ooki, Voyager Tokens in Aftermath of Exploits and Bankruptcies appeared...

DAO is no reason to circumvent the law The U.S. Federal District Court filed a lawsuit against the Ooki DAO (Decentralized Autonomous Organization) on the 8th, with the U.S. Commodity Futures Trading Commission (CFTC) alleging that it illegally...

Response to digital/decentralized finance On April 21, Japan’s Financial Services Agency held the 9th Study Group on How to Respond to Digital and Decentralized Finance. It has been held since July 26, 2021, with the participation of scholars and...

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

The CFTC is seeking a default judgment in its lawsuit against Ooki DAO. The calls for the default judgment came after the DAO missed the deadline to respond to the lawsuit.  The U.S. Commodities and Futures Trading Commission (CFTC) is seeking a...

A judge ruled last month that the agency had properly served the DAO after two token holders were served with the lawsuit.