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  "text": "Statutory DAO infrastructure has been promulgated faster than DAOs have adopted it, suggesting regulators have built infrastructure for which there is limited demand at current pricing.",
  "author": {
    "@type": "Person",
    "name": "Wulf A. Kaal",
    "identifier": "https://orcid.org/0009-0008-7840-1847"
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  "citation": "Wulf A. Kaal, The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis (2026). SSRN: https://ssrn.com/abstract=6819121",
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  "abstract": "The mismatch between statutory promulgation and statutory adoption suggests that regulators have built infrastructure for which there is limited demand at current pricing.",
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