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Ooki DAO ghosting CFTC lawsuit could see it lose the case

The CFTC wants a judge to rule in its favor after Ooki DAO failed to respond to a lawsuit alleging that it broke federal commodities laws.

Here’s what SBF’s leaked crypto draft has in store for DeFi

Major headlines from the SBF proposal include crypto being regulated by the CFTC and Bitcoin and Ethereum being classed as commodities.

The CFTC says Ooki DAO offered illegal commodity transactions and engaged in activities that require it to register with the regulator.

FTX has hired Jill Sommers as Sam Bankman-Fried continues his push for the CFTC to replace the SEC as crypto’s primary regulator.

A new senate bill would see the CFTC regulate crypto instead of the SEC, amid a petition to oust Gary Gensler as chairman.