The DeFi Education Fund (DEF), a Washington, D.C.-based lobbying group focused on decentralized finance (DeFi) issues, has joined a group of crypto lawyers in arguing that the Commodity Futures Trading Commission (CFTC) should not be allowed to serve the defendants of a lawsuit merely by posting on a website.
The DEF filed to join the case as a friend of the court on Monday, arguing that the way the CFTC is approaching the question of service "could chill novel and innovative forms of software development." The filing comes just after the LeXpunK Army, a group of lawyers and developers in crypto, filed a similar motion to join the case.
The CFTC asked Judge William Orrick of the District Court for the Northern District of California to rule that a forum post and a website help chatbot submission were sufficient to properly serve notice to Ooki DAO and its members that they were the named defendants in an ongoing enforcement action. The judge ruled in the CFTC's favor on Monday, the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...