How can decentralized autonomous organizations (DAOs) be more resilient? Gabriel Shapiro, general counsel at Delphi Labs, and Fatemeh Fannizadeh, lawyer and researcher at Geneva-legal.ch, survey the landscape and offer their insights on what will fuel the next wave of DAO innovation. Are new rules from U.S. states like Wyoming and Utah a boon for DAO creation? Or will the proceedings against Ooki DAO by U.S. regulators cast a pall on this emerging segment of the Web3 world?

Show highlights:

how Gabriel and Fatemeh determine whether something is actually a DAO
the pressing legal issues around DAO formation
where the liabilities lie in these types of organizations
Delphi Labs’ new “borg” concept and the problems it aims to solve
what jurisdictions are more appropriate for different DAOs
the nuances of Wyoming’s DAO LLC law
Utah’s Introduction of LLDs – limited liability DAOs – and why it is innovative
why the CFTC filed a lawsuit against Ooki DAO
whether governance token holders are liable for the DAO’s actions
how the Ooki lawsuit will impact how DAOs structure their activities in the future
what happened in the MakerDAO case and its implications
why Fatemeh and Gabriel disagree on whether the Mango DAO’s agreement to not pursue actions against Avi Eisenberg was legally binding

Thank you to our sponsors!

Guests:

Gabriel Shapiro, general counsel at Delphi Labs
Previous appearances on Unchained:
What Does Mango Markets Exploiter Avi Eisenberg’s Arrest in Puerto Rico Mean for DeFi?
Fatemeh Fannizadeh, lawyer and researcher at Geneva-legal.ch
Lawmakers In New Hampshire And Utah Recognize DAOs As Legal Persons

Links

MakerDAO:

CoinDesk: Crypto Investors' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge

Mango Markets:

Tornado Cash

Ooki DAO:

Unchained: Why the Ooki DAO Case Could Hurt Participation in DAOs
CoinDesk: Interpreting the CFTC’s Lawsuit Against Ooki DAO

Wyoming law

Legal Nodes: Wyoming LLC as a DAO Legal Wrapper: What You Need to Know

Utah

The National Law Review: Utah Passes Innovative DAO Legislation

Learn more about your ad choices. Visit megaphone.fm/adchoices

Ep 092 Entrepreneur and Mobile Tyre Shop CEO, Travis Osborne