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CFTC Penalizes BZeroX And Founders, Targets Ooki DAO As "Unincorporated Association," One Commissioner Dissents

CFTC Penalizes BZeroX And Founders, Targets Ooki DAO As "Unincorporated Association," One Commissioner Dissents
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Dissenting Statement Of CFTC Commissioner Summer K. Mersinger Regarding Enforcement Actions Against: 1) bZeroX, LLC, Tom Bean, And Kyle Kistner; And 2) Ooki DAO

<p><span>Overview</span></p> <p><span><span><span><span><span>Today the Commission is called upon to consider novel and complex questions about how our governing statute, the Commodity Exchange Act (CEA), applies in a world of digital assets, blockchain technology, and decentralized autonomous organizations (DAOs)</span></span><span><span> —</span></span><span><span>technology that did not exist when the statute was enacted in 1974, and that has just started to develop since Congress last amended the statute as part of the Dodd-Frank Act in 2010.</span></span></span></span></span></p> ....

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