California Judge’s Crypto Ruling: DAO Members Could Face Liability Under Partnership Laws

Quick Summary:

As crypto continues to evolve rapidly with increased adoption and regulation, legal decisions surrounding it are also keeping pace.

Just recently, a United States federal judge has decided that participants in decentralized autonomous organizations (DAOs) can be held liable for the actions of other members under California’s partnership laws.

This ruling has major implications for the decentralized finance (DeFi) sector, as it could legally hold DAO members responsible for the organization’s activities.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: HungaryUnited States

Topics: Crypto regulation Crypto US and Crypto Lido DAO DAO Crypto Market Crypto regulation A16z Lido

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 08:30:03 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 523 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23717084

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

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Year Established: 2014

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News Last Updated: 8 hours ago

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