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CFTC's Technology Advisory Committee to Discuss Decentralized Finance and Ooki DAO Case

June 28 (Cointime) - The Technology Advisory Committee of the Commodity Futures Trading Commission is scheduled to hold a meeting on July 18 in Washington D.C. to discuss decentralized finance, including decentralized autonomous organization (DAO) models and the recent Ooki DAO case.

The committee will also hear from technology experts on topics such as artificial intelligence and introduce three subcommittees, including one focused on digital assets and blockchain technology.

The meeting comes after a federal judge ruled in favor of the CFTC in a case against Ooki DAO, setting a precedent for holding other DAOs liable for legal violations. Some have pushed back against the enforcement actions, arguing that individual DAO participants cannot be held liable without evidence of violating the law.

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