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“The CFTC relies upon a razor-thin metaphysical distinction between the Ooki DAO and Ooki Protocol. According to the CFTC, the Ooki Protocol is software. In contrast, (per the CFTC) the Ooki DAO is ‘a group of users of the Ooki Protocol who (a) chose not to incorporate, and (b) both
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The first official decentralized autonomous organization (DAO) in the United States is taking on the Securities and Exchange Commission (SEC) over its 2021 token registrations. American CryptoFed DAO has told Cointelegraph it will represent itself without an attorney over SEC allegations that it omitted and misstated information in a securities registration
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“FTX has shown our entire industry that accountability, diversification, transparency and prudent and active risk management protocols are an absolute necessity that shouldn’t be ignored,” Sean Ellul, co-founder of Web3 architecture firm Metaverse Architects and co-author of the proposal, told CoinDesk. Original Source
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"The CFTC is not suing technology, as Amici claim: The CFTC’s action is not against the blockchain-based Ooki Protocol, but against the Ooki DAO — an association that acts and makes collective decisions regarding the Ooki Protocol through voting by its governance token holders," the CFTC argued. "The factors Amici
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Japan's Digital Ministry is to create a decentralized autonomous organization (DAO) to deepen its understanding of Web3 technology. Source
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La DAO ayudará al gobierno a comprender lo que estas organizaciones pueden conseguir y a identificar sus limitaciones, según las minutas de una reunión del ministerio. Además, también quiere analizar cuestiones como la posición legal de los tokens que son utilizados para votar. Original Source
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Decentralized autonomous organization (DAO) Merit Circle has voted to burn $169 million worth of its native token. Source
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Origami aims to ease that transition with technological framework and guidance for DAOs, The project has row raised $6.2 million in a funding round led by Bloomberg Beta, the early-stage venture firm backed by Bloomberg, L.P. The capital will help Origami build out its software platform, infrastructure and DAO playbook,
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The DAO will be divided into three organizations, which would be based in Panama and the Cayman Islands. Source
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press release PRESS RELEASE. DemandCircle is delighted to announce the official launch of Eunoia, Web 3.0’s very own decentralized business knowledge platform. With the goal of bringing industry professionals together in expertise-centric communities, Eunoia incentivises meaningful participation with rewards in the platform’s native token. Eunoia’s end goal is to become
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