Lawsuits could be catastrophic for DAOs if denied ‘limited liability’
The VC firms sued in a California case were active in DAO management, much like general partners, said the court. They could face hefty lawsuits. Go to Source
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Can DAOs Be Sued? Insights From Lido’s Recent Case
According to a recent decision from the US District Court for the Northern District of California, decentralized autonomous organizations, or DAOs, may not provide the liability protection the industry once thought. In a seminal case, a Federal Court in California ruled that, despite the governing body being a DAO, several prominent investment firms may in … Read more
From $37B to $24.5B: DAO Treasuries Experience Significant Downturn
In October 2024, the latest data shows that decentralized autonomous organizations (DAOs) hold $24.5 billion in treasuries, down by $12.6 billion since the end of March. Optimism’s DAO, which boasted $8.3 billion on Mar. 24, has seen its treasury shrink to $3.8 billion, making it the largest DAO treasury despite the decline. Decentralized Autonomous Organizations … Read more
Starknet is ditching off-chain polling, and it will make tokens count
Starknet is set to hold its first on-chain vote on Sept. 10. Hopefully, it will set a precedent for protocols to follow going forward. Go to Source
UK Law Commission sees no need for DAO-specific legal entity
The UK Law Commission scoping paper suggested legal reforms for DAOs, a review of the Companies Act and international cooperation on AML and tax frameworks. Go to Source
Hong Kong invites global opinions on web3 and virtual assets future
The Hong Kong Legislative Council is actively seeking feedback on several critical aspects of Web3 policy development, including balancing technical, legal, and regulatory frameworks. Go to Source
Dfinity Senior Scientist: Bitcoin’s Next Significant Wave of Innovation Will Revolve Around DAOs
After the introduction of ordinals, BRC-20 tokens, and more recently, Runes, the next significant wave of innovation on Bitcoin will revolve around Decentralized Autonomous Organizations (DAOs). Aisling Connolly, the Senior Research Scientist at the Dfinity Foundation, has asserted this. He stated that the technology, which is now well-suited to support DAOs and the more mature … Read more
Bug in Discontinued Lido Staking Service Blocks User Access to Tokens Valued at $24.4 Million
A bug in the smart contract of Lido’s discontinued Solana staking service is reportedly preventing users from withdrawing digital assets valued at more than $24 million. Lido attributes this issue to “a problem with the maintainer bot and the recent update of rent-exempt terms for Solana staking accounts.” Discontinued Solana Staking Service A suspected bug … Read more
Wyoming Gov. Mark Gordon Signs Legislation Recognizing DAOs
The Wyoming governor, Mark Gordon, recently signed into law a bill that establishes a legal framework for regulating decentralized autonomous organizations under existing financial laws. The enactment of this law is also viewed as an effort to attract blockchain firms to Wyoming. New Law Reinforces Wyoming Crypto-Friendly Reputation Mark Gordon, the Republican governor of Wyoming, … Read more
ZK Proofs Enable Defi Platforms to Meet Regulatory Requirements Without Compromising User Data, Says Ex-FCA Regulator
Diana Tlupova, Head of Compliance at Nexera ID, has argued players in the decentralized finance (defi) space can stay ahead of regulators who might want to impose stringent Know-Your-Customer (KYC) rules by using zero-knowledge (zk) proofs to authenticate user credentials. Tlupova contends that, in addition to allowing users to maintain control over their KYC data, … Read more
