won its case against Ooki DAO<\/a> in one of the world’s first verdicts against a DAO. <\/p>\n\n\n\nOoki DAO was ordered to pay $643,542 in penalties and shut down its operation immediately after failing to respond to the CFTC’s allegations in court. The verdict perhaps sets a dangerous precedent for future DAO cases as these decentralized organizations could be held liable as a “person” under the Commodities Exchange Act.<\/p>\n","protected":false},"excerpt":{"rendered":"
Summary: BarnBridge DAO was advised to cease all work related to the protocol and halt compensation to individual contributors. Legal counsel Douglas Park also told the team to close existing liquidity pools due to an ongoing investigation by the SEC. The protocol with over $1.2 million in TVL is the latest target subject of the SEC\u2019s crypto crackdown. The U.S. Securities and Exchange Commission (SEC) is investigating decentralized finance service BarnBridge as the regulator tightens the noose around cryptocurrency activity […]<\/p>\n","protected":false},"author":55,"featured_media":582919,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[108120,22,2],"tags":[108990,108769,108965,5530],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582917"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=582917"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582917\/revisions"}],"predecessor-version":[{"id":582921,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582917\/revisions\/582921"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/582919"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=582917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=582917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=582917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}