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ARTICLE · 22 NOVEMBER 2022

Will Policy Makers Stifle The Dao Revolution

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DAOs, a new form of the online decentralized organization, have shown massive growth over the past two years, with more than 10,000 DAOs and billions of crypto assets held in DAO treasuries.

Cayman IslandsFinance and Banking
Lucy Frew
Lucy Frew
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DAOs, a new form of the online decentralized organization, have shown massive growth over the past two years, with more than 10,000 DAOs and billions of crypto assets held in DAO treasuries. They are increasingly important in the context of crypto-token networks, and many DAOs hold significant assets, but their legal and regulatory status is unclear.

There are many uncertainties around DAOs, including:

  • What is a DAO from a legal perspective? Is it, or should it be, regarded as a legal entity like a company or partnership, or is it a completely new type of legal entity?
  • Should a DAO have a separate legal personality? How could contracts or other liabilities be enforced against it in practice (and in which jurisdiction)?

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