The Commodity Futures Trading Commission is attempting to “create [a] novel precedent” for itself by attempting to serve a lawsuit on the entire decentralised autonomous organisation rather than the DAO’s members, according to one of three filings opposing the agency’s lawsuit. The filings, which were made public on Monday, are responses to the CFTC’s earlier rejection of amicus briefs filed by LeXpunK, venture capital firms Andreessen Horowitz and Paradigm, and the DeFi Education Fund. In September, the CFTC filed a lawsuit against Ooki DAO, alleging that the organisation illegally offered crypto derivatives to US customers. The CFTC levelled similar charges against bZeroX, a company that served as Ooki’s predecessor.
