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Judge Rules Decentralized Autonomous Organizations Not So Decentralized in Law
Crypto's libertarian dreams continue to be thwarted by legal realities.
The cryptocurrency industry has long been fueled by a libertarian ethos that sees government oversight and regulatory scrutiny as the enemy of economic freedom. Again, Dolphin has argued that Lido is just an algorithmically run program and, therefore, cannot be held liable for whatever happened to people who lost money on its crypto tokens. Like the rest of crypto, their proponents claim that their “decentralized” status entitles them to operate outside the bounds of traditional financial regulation and legal scrutiny.
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