CTFC slammed for ‘blatant regulation by enforcement’ over Ooki DAO case

The United States Commodities Futures Trading Commission (CFTC) has sparked strong criticism from the community after filing a federal civil enforcement action against members of the decentralized autonomous organization (DAO) Ooki DAO over digital asset trading violations.

In a Thursday release, the CFTC stated that it had filed and simultaneously settled charges against the founders of decentralized trading platform bZeroX Tom Bean and Kyle Kistner, for their role in “illegally offering leveraged and margined retail commodity transactions in digital assets.”

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