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DAOs

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US senator Warren to reintroduce bill on DAOs and DeFi platforms

Senator Elizabeth Warren is pushing for the reintroduction of a bill that would extend anti-money laundering (AML) regulations to decentralized autonomous organizations (DAOs) and decentralized finance (DeFi) platforms. Warren argues crypto AML exemption is a danger At the Senate Banking Committee’s hearing on Feb. 14th, 2023, titled “Crypto Crash: Why Financial System Safeguards are Needed […]
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DAOs are not corporations where decentralization in autonomous organizations matters

DAOs recognized as LLCs in Marshall Islands 

The government of the Marshall Islands has passed an act that legally designates DAOs as recognized limited liability companies.  The pacific island nation was the first country to recognize Decentralised Autonomous Organisations (DAOs) as legal entities. The new law provides a legal framework for the operations of profit and non-profit DAOs. It also considers DAO […]
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