![]() But this suit doesn’t just target Ooki DAO’s founders-it also goes after everyone who participated in governance. The CFTC, meanwhile, brought suit against Ooki DAO (formerly bZx Protocol) for illegally offering margin trading, which does explicitly require proper licensure in the U.S. only holds 42% of Ethereum nodes-the SEC has suggested that every transaction counts. The suit said that all Ethereum activity should be considered to have taken place on American soil and fall under the jurisdiction of its regulators because Ethereum nodes are “most densely” located in the U.S. ![]() The former regulator, in bringing suit against an ICO-era YouTuber who failed to disclose his token holdings properly, made a truly head-spinning claim about Ethereum transactions. A proposed bill that would put a two-year ban on “endogenously collateralized stablecoins” notwithstanding, what set the space on fire was a pair of lawsuits from the country’s chief financial assets regulators-the SEC and CFTC. I’m sure I’m not alone because recent news regarding crypto regulation has shaken the space to its core.Īs we entered the autumn months of a year that’s been all too cruel to this space, we were caught off guard last week by some bone-chilling developments in U.S. Over the weekend, I did some pretty heavy thinking about the future of this industry, its underlying technology, and the social movement that has sprung up around it. As regulation looms, crypto enthusiasts can support the industry by attending community meet-ups, donating to advocacy groups, and calling their senators. ![]()
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