
Crypto Update | DAOs Aren't People, Crypto Lawyers Tell Court in CFTC's Ooki Case
Markets Outlook
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Dow's Aren't People Under the Law
A group of lawyers and developers told a California court on Monday that Okey Dow is probably not considered people under the law. The CFTC alleged that the Dow was an unincorporated association last month, suing it while simultaneously setting charges against B0x, the Dow's predecessor centralized company. LexPunk Army so-called, a group that received permission to file an amicus or friend of the court brief, argued that the federal regulatory agency should be required to identify and directly serve any people it believes violated federal law. Without this authority, service on Ookey Dow cannot be approved by this court, attorneys wrote.
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