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Blockchain technology is about to transform every trust-based interaction of our lives, from financial services to identity, from health care to our Internet of Things devices. In this podcast, host Laura Shin talks with industry pioneers across tech, financial services, health care, government and other sectors about how the blockchain and cryptocurrency will open up new opportunities for incumbents, startups and everyday people to interact more efficiently, directly and globally.

Sep 30, 2022

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

Thank you to our sponsors!

 

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Crypto.com

 

Nik

Twitter 

 

Previous Coverage of Unchained on regulation:

 

 

The lawsuit against Ooki DAO

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