Nikhilesh De, CoinDesk's managing editor for global policy and regulation, comes to talk about the CFTC lawsuit against Ooki DAO and the potential consequences across the crypto industry. 

Show highlights:

• the enforcement action against Ooki DAO and the CFTC’s arguments behind it
• whether bZx’s statements that the DAO would be beyond the reach of regulators made it a target for the CFTC
• whether the broader implication of these charges could mean that all DeFi is illegal
• whether the hacks of bZx made it a high-profile target
• the CFTC Commissioner Summer Mersinger's dissenting statement and her concerns
• who the targets of the CFTC enforcement action are
• the consequences of the lawsuit for token holders and how to determine which token holders are liable
• why the CFTC chose to post a notice in the Ooki DAO forum and whether that is sufficient notice 
• what the next steps for DAO members are and whether there will be wide community support

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Previous Coverage of Unchained on regulation:

• Why Senator Pat Toomey Thinks SEC Chair Gary Gensler Is Wrong About Crypto
• Congressman Ro Khanna: How to Get More Democrats into Web3
• Why the Crypto Industry Believes SEC Regulation by Enforcement Hurts US Consumers

The lawsuit against Ooki DAO

• CFTC Filing
• $250,000 fine
• Nik’s article
• CFTC Commissioner Summer Mersinger’s dissenting statement
• Jake Chervinsky’s opinion
• Ooki DAO’s options
• CFTC serving the members of the Ooki DAO via their forum

Tim Copeland’s article on what’s next for DAOs