Category Archives: DAO

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DAO Liability and the bZx Class Action

Photo of Yasamin ParsafarPhoto of James GattoPhoto of Christopher BoschPhoto of Dhara Shah*By Yasamin Parsafar, James Gatto, Christopher Bosch and Dhara Shah* on Posted in DAO
A class action lawsuit filed by users of a decentralized finance (“DeFi”) protocol managed by a decentralized autonomous organization, or “DAO,” may shed light on the potential legal liabilities of a DAO and its participants. The complaint in Sarcuni v. bZx DAO, No. 22-cv-0618 (S.D. Cal. May 2, 2022), highlights several issues related to DAO … Continue Reading

Wyoming Takes the Lead With Decentralized Autonomous Organizations

Photo of William KanePhoto of Zachary GoldaPhoto of William de Sierra-PambleyBy William Kane, Zachary Golda and William de Sierra-Pambley on Posted in Blockchain, DAO
It is called the Cowboy state for a reason. With varied terrain and a hearty population Wyoming has long been a haven for independent thinkers and doers – pioneers.  The Wyoming legislature recently underscored that truth with the first state law addressing governance issues for decentralized autonomous organizations or “DAO(s).”  We are not talking self-driving … Continue Reading
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