A US financial regulator is scratching its head over how to properly sue a crypto group accused of regulatory violations, highlighting the enforcement difficulty in the emerging technology realm.
Judge William Orrick in the US District Court for the Northern District of California will hold a hearing next month to reconsider his decision to allow the Commodity Futures Trading Commission to serve Ooki DAO, a “decentralized autonomous organization,” and its members with notice of the lawsuit by posting a copy of the complaint in an online help box and chat forum.
Ooki DAO—which, like other DAOs, allows its cryptocurrency members ...
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