Andreas Utermann, the chief executive officer and chief investment officer of Allianz Global Investors, an investment subsidiary of the $80 billion German insurance company Allianz SE, said that regulators should ban cryptocurrencies reported Reuters. "You should outlaw it," said the $530+ billion asset manager's CEO during a panel in London. Next to Utermann was the head of Britain's Financial Conduct Authority, Andrew Baily, who responded "that's quite strong actually!" before saying that cryptoassets have "no intrinsic value."
The CFTC has served Ooki DAO members by posting the summons and complaint in its Help Chat Box and online forum.