a16z has filed an amicus brief in the US CFTC v. Ooki DAO case

a16z has submitted an amicus brief concerning the case of the U.S. Commodity Futures Trading Commission (CFTC) v. Ooki DAO, focusing on the idea of why the CFTC should regulate applications, not protocols. Act, providing effective services to unincorporated groups requires the CFTC to claim that the members of the group have a "common lawful purpose", and the CFTC does not claim that Ooki DAO has a lawful purpose, although they do have a lawful purpose, which is to manage the Ooki Protocol, "this This approach will allow the CFTC to hold bad actors accountable while protecting Web3 and its good performers.”