# kaal:claim:4529715-008

**Claim.** The absence of clear regulatory direction from the SEC and state governments helps explain why many DAOs take minimal action to establish regulatory compliance within their organizations.

**Type.** mechanism  **Support.** argued

**Holds when.**

- United States regulatory context

**Source quote.**

> The nature of DAOs and the lack of clear regulatory direction from the SEC and state governments is relevant in analyzing these scores since many DAOs appear to take minimal action in establishing regulatory compliance within the organizations.

**From.** Wulf A. Kaal, Josh Bykowski, *Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis* (2023), Descriptive statistics, page 37

**Cite as.** Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023). SSRN: https://ssrn.com/abstract=4529715

**Verify.** sha256 of source PDF `2d71961e8c449afbeaf45ca4f53de8a575d45c77d6960b767d3d1d0874f296b5` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Bykowski%20-%202023%20-%20Decentralized%20Autonomous%20Organizations%20%28DAO%29%20%E2%80%93%20A%20Market%20Meta%20Analysis.pdf

**Failure mode.** regulatory-vacuum-inaction  (family: regulatory-lag)

**Topics.** dao, securities-law, law-and-legal-systems, compliance

**Keywords.** dao, regulation, sec, legal-uncertainty, compliance

**Related claims.**

- generalizes: https://wulfkaal.github.io/claims/5254152-033

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.