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Filed in October 2021 in the US District Court for the Eastern District of New York by former congressional staffer Joe Kent, the lawsuit alleges that the DeFi platform violated New York state gambling laws by “deceiving the public about financial regulations and scamming consumers.” allowed to escape,” according to the original complaint. Kent, who previously worked for crypto skeptic Sen. Elizabeth Warren (D-Mass.), filed the lawsuit as an apparent test case as legislators seek avenues to take legal action against DeFi actors.









