US Judge Permits Crypto Supporters to Attend Ooki’s CFTC Defense

Both the LeXpunK Army and the DeFi Education Fund requested clearance to make their case to the CFTC that the Ooki DAO’s online chatbot is ineffective at serving the organization’s members.

At the end of Wednesday’s court proceedings, a federal judge determined that two crypto advocacy organisations may claim that the Commodity Futures Trading Commission (CFTC) should not be permitted to service the members of a decentralized autonomous organisation (DAO) via a website support bot.

Amicus briefs, often known as “friends of the court” papers, were allowed by U.S. District Judge William Orrick of the Northern District of California for two groups: the attorneys and developers of LeXpunK Army, and the lobbyists of the DeFi Education Fund (DEF).

The two organisations sought to intervene to argue that, rather than serving the DAO via a website chatbot, the CFTC should instead identify and serve individual members of Ooki DAO in the complaint charging that they violated federal law.

The regulator reached an agreement with the creators of bZeroX on the charges against the firm, but it was impossible to determine the identities of important individuals associated with the DAO and thus asked for permission to serve it by posting on a forum and using a chatbot.

In a controversial move, the CFTC also claimed that every DAO voter should bear personal responsibility for the illegal behaviour. Recently, Judge Orrick decided in favour of the CFTC, and on the same day that LeXpunk asked for permission to write an amicus brief.

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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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