DAOs are still legal partnerships, US judge rules in stolen assets case
Judge Larry Burns said bZx DAO founders had formed the organization intending to circumvent U.S. company law and that the DAO was effectively the same as a general partnership.
Latest decentralized autonomous organization News
The Bitcoin Masterclasses: Day 1 review and discussion
The first session of the second day of The Bitcoin Masterclasses covered the fundamental differences between privacy, confidentiality, and anonymity.
What you have the right to do…and what you don’t: The Bitcoin Masterclasses Day 2 with Craig Wright
The first session of The Bitcoin Masterclasses Day 2 reviewed the issues surrounding blockchain, the law, and how human and code rules interweave and interact.
Philippines: Cagayan economic zone bolsters global blockchain hub bid with DAO registry launch
The creation of a DAO registry—described as the first in Southeast Asia—will not only allow the streamlining of business processes but would serve as a stepping stone toward becoming a global blockchain hub.
Marshall Islands declares DAOs as legal entities in pioneering move
Marshall Islands became the first country to legalize DAOs, but only decentralized organizations identified as limited liability companies will be allowed to register as corporate entities.
US court orders CFTC to serve lawsuit vs Ooki DAO founders
District Judge William Orrick says the Commodity Futures Trading Commission should serve a lawsuit against Ooki DAO founders Tom Bean and Kyle Kistner, as doing so would satisfy the law's requirements.
The law is coming for DAOs
DAOs are not decentralized as they claimed to be, according to Bitcoin Association’s Marcin Zarakowski, who noted that these entities are connected to those deploying them or benefitting from them.
Philippine Blockchain Week to offset 500 tons of carbon footprint through KlimaDAO
KlimaDAO is a DAO that is driving the development of the Voluntary Carbon Market by building infrastructure that makes the market more transparent and accessible.
US securities regulator moves to stop the sale of American CryptoFed DAO tokens
The U.S. Securities and Exchange Commission says that the DAO’s registration last year for Locke and Ducat tokens failed to contain required information about its business, a claim the DAO refutes.
Japan’s digital agency delves into DAOs, seeks to explore their ‘functions and roles’
The Digital Agency of Japan follows a Wyoming legislation that conferred legal status on a DAO, recognizing it as a legal entity in a trailblazing move.
CFTC action against Ooki DAO invites intense industry debate
The CFTC has again caused a commotion after taking enforcement action against Ooki DAO, leading to an intense debate on how DAOs should be held accountable for their activities.
DAOs and the reality
Any “decentralized” and “autonomous” entity will be subjected to legal and business responsibilities as long as they continue to have any effect in the real world.