Unchained Are DAOs Strong Enough to Survive the Regulators? - Ep. 479
6 snips
Apr 11, 2023 
Gabriel Shapiro, general counsel at Delphi Labs, and Fatemeh Fannizadeh, a lawyer specializing in DAOs, delve into the resilience of decentralized autonomous organizations amidst growing regulatory scrutiny. They discuss the legal ramifications of Wyoming's DAO LLC law and Utah's innovative Limited Liability DAOs. The guests analyze recent lawsuits, including the Ooki DAO case, and highlight crucial liability issues for governance token holders. Their contrasting views on the Mango DAO settlement provide further insight into the complexities of DAO governance and legal frameworks.
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Defining DAOs
- A DAO is a Decentralized Autonomous Organization, requiring both decentralization and autonomy.
- Decentralization disperses decision-making power, while autonomy resists external authority.
Broader DAO Definition
- DAOs are groups of people coordinating and governing anything on-chain, like treasuries or protocols.
- Effective decentralization assessment in DAOs remains challenging due to a lack of appropriate tools.
Key Legal Issues with DAOs
- Key legal issues with DAOs include their legal classification (e.g., partnership?) and membership.
- The CFTC's lawsuit against Ooki DAO exemplifies these ambiguities, defining the DAO as anyone who ever voted.
