United States of America: CFTC investigation into bZeroX
Progress
Current status
in force
08 Jun 2023 in force
22 Sep 2022 in force
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
judiciary
executive
Government Body
court
other regulatory body
Implementation Level
national
Timeline of events
Issued ruling in investigation into Ooki DAO
On 8 June 2023, a US district judge ruled on the case between the Commodity Futures Trading Commission (CFTC) and the Ooki Decentralised Autonomous Organisation (DAO), fining the company USD 643'542. The court ruled that Ooki, the successor of bZero…
Event type
public lawsuit
Action type
ruling
Government branch
judiciary
Government body
court
Settled proceedings against bZeroX
On 22 September 2022, the Commodity Futures Trading Commission (CFTC) announced an administrative proceeding against bZeroX and its founders. According to the FCTC, the company (i) illegally offered leveraged and margined retail commodity transactio…
Event type
investigation
Action type
ruling
Government branch
executive
Government body
other regulatory body