Lido DAO ruling, significant or not?

Quick Summary:

Judge Vince Chhabria ruled that institutional investors of Lido DAO can potentially be held liable for actions of the decentralized governing body behind the liquid staking protocol on Ethereum.

The post Lido DAO ruling, significant or not? appeared first on CoinGeek.

Despite the furor this decision created, Chhabria was keen to point out in his ruling that at this early stage of the case, Samuels only needed to adequately allege, not prove, that a general partnership existed and that he had done so.

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Article Details

Author / Journalist: James Field

Category: Crypto

Markets: CanadaUnited States

Topics: Securities and Exchange Commission Lido LDO Andrew Samuels Decentralized autonomous organization Decentralized Finance Miles Jennings Securities Business Ethereum Lawsuit DeFi

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 14:00:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1588 words

Reading Time: 9 minutes read

Sentences: 49 lines

Sentence Length: 33 words per sentence (average)

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

Copyright Owner: © CoinGeek

News ID: 23832750

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