Today, CFTC Division of Enforcement Director Ian McGinley released the following statement on the CFTC’s sweeping victory in the Ooki DAO litigation. Last night, U.S. District Judge William H. Orrick entered a default judgement order that requires the defendant Ooki DAO, a decentralized autonomous organization that the CFTC charged with operating an illegal trading platform and unlawfully acting as a futures commission merchant (FCM), to pay a civil monetary penalty of $643,542; orders permanent trading and registration bans; and orders the Ooki DAO, as well as any third party providing web-hosting or domain-name ... (full story)