Re:Do Kwon in more trouble
by giaour on Saturday June 11, 2022 @09:48AM
(#31704390)
> are already laws on the books in the United States explicitly protecting DAOs from personal liability when they are registered as a DAO
Isn't this only relevant when ash organization takes the legal steps to register as a DAO in Wyoming? If that is not the explicit corporate governance model, then a default structure is assumed.
Analogously, my state (Virginia) has laws on the books limiting my personal liability for judgments against my business iff I register that business as an LLC. If I don't do so, then the business is considered a sole proprietorship, and I can be sued personally for harms my business causes.
Isn't this only relevant when ash organization takes the legal steps to register as a DAO in Wyoming? If that is not the explicit corporate governance model, then a default structure is assumed.
Analogously, my state (Virginia) has laws on the books limiting my personal liability for judgments against my business iff I register that business as an LLC. If I don't do so, then the business is considered a sole proprietorship, and I can be sued personally for harms my business causes.