Watch: This decision could change everything | Crypto News | The Daily Forkast (youtube.com)
Ooki DAO - you've probably never heard of it, but it could become one of the most important decentralized autonomous organizations - because of the rules it's accused of breaking.

Welcome to The Daily Forkast, September 28, 2022, presented by Joel Flynn for the latest in blockchain & crypto news. Coming up on today's show:

00:00 - Intro
00:10 - A move against a DAO by the CFTC has got crypto incensed. Are they in the wrong though?

It’s a move that could shake up the whole of crypto, in this episode of The Daily Forkast, September 28th.


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    Francisco Gimeno - BC Analyst Everyone in crypto and DeFi knows that regulations are coming and regulators are already preparing to act against those who fail to regulate. However, is difficult to know how to know which rules are you breaking if you don't know what rules apply to your new digital product or not. What to do, to wait until the regulations are launched or just try to work inside a common sense framework in finances and expect that regulators don't shout a foul? This is what has happened with some DAOs, accused of ignoring regulations already existent and committing criminal financial acts, in US. Ooki DAO particularly has been accused of this and the debate has started if SEC is creating regulation by enforcement instead of using tactics which allow a common frame and development. If SEC and other regulators continue with this, it all mean bad news for the industry in there.