Nick Day

Nick Day, CoinDesk's managing editor for global policy and regulation, discusses the significant CFTC lawsuit against Ooki DAO. He explores how this case could chill participation in decentralized autonomous organizations and questions the regulatory fairness of targeting DAO members. They dive into the implications of the lawsuit on the DeFi landscape, concerns over member liability, and the adequacy of the CFTC's notification methods. The conversation also touches on whether the allegations might render all DeFi illegal and the broader risks faced by token holders.