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CFTC Pursues First Case Against a DAO

From blockworks.co

The Commodity and Futures Trading Commission (CFTC) has filed and settled charges against a decentralized autonomous and its founders for facilitating margined and leveraged retail commodity transactions, which they say operated outside the law for years. The bZeroX DAO deployed, marketed and made solicitations to customers under a protocol of the same name to undertake transactions considered unlawful because those transactions did not occur on a designated market contract, the CFTC said in a statement Thursday. According to the regulator, bZeroX, as well as founders Tom Bean and Kyle Kistner, have been ordered to ... (full story)

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  • Category: Fundamental Analysis