The CFTC's Technology Advisory Committee will discuss issues related to DeFi, DAO, and other topics at its July meeting.

According to BlockBeats news on June 29th, the US CFTC Technology Advisory Committee plans to hold a meeting on July 18th at its headquarters in Washington D.C. to discuss DeFi and the recent successful lawsuit against Ooki DAO by regulatory agencies. The founder of the committee and CFTC commissioner Christy Goldsmith Romero stated in a statement on Wednesday that "in addition to other DeFi issues, we will also discuss DeFi models such as DAO and the committee's recent Ooki DAO case." As previously reported by BlockBeats, on June 12th, due to Ooki (formerly bZx) DAO's failure to respond, the US Commodity Futures Trading Commission (CFTC) recently won a default judgment against the organization. The ruling established a precedent for DAOs to be held responsible for illegal behavior as "people" under the Commodity Exchange Act, and the court found that Ooki had violated the laws it was accused of. This precedent could open the door for future actions against DAOs and DEXs in the near future. Ooki DAO has been ordered to stop operating in the United States.