kaal:claim:3799320-012

Under current securities laws, DAOs governed solely by smart contracts are restricted in pooling assets and generating profit, because those laws limit their ability to fund ecosystem development and deploy capital efficiently.

Under current laws, DAOs solely governed by smart contracts are restricted in their ability to pool assets and generate profit because securities laws limit their ability to fund ecosystem development and deploy capital efficiently.

Wulf A. Kaal, A Decentralized Autonomous Organization (DAO) of DAOs (2021), Regulatory Uncertainty, p. 10
https://ssrn.com/abstract=3799320 · source PDF

Wulf A. Kaal, A Decentralized Autonomous Organization (DAO) of DAOs (2021). SSRN: https://ssrn.com/abstract=3799320

• DAOs governed solely by smart contracts
• current U.S. securities law

failuresupport: arguedfailure: Securities law capital constraintfamily: innovation-chillingsecurities-lawsmart-contractsgovernance-design

• restates kaal:claim:3652481-017 Under current securities laws, DAOs governed solely by smart contracts are restricted in their ability to pool...

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