Ooki DAO Lawsuit: Is the CFTC Trying to Set a Precedent?

Plus: Whether the charges mean that most of DeFi is illegal.

Today's premium content features a behind-the-scenes interview with Gabriel Shapiro, general counsel at Delphi Labs. We talked about his views on the CFTC lawsuit against Ooki DAO. Here are some of the other things we covered:

• why Gabriel had such a strong reaction to the lawsuit against Ooki DAO

• why the CFTC's interpretation would make most of DeFi illegal

• the scope of responsibilities of the CFTC and what it is supposed to regulate

• whether a smart contract system is subject to regulation

• why the CFTC did not go after other DAOs

• whether the CFTC is using the case to set a precedent

• how regulators are trying to impose the same rules for crypto as traditional finance

• whether token holders are in trouble and what they could do

• the significance of this lawsuit for the future of other DAOs