Not only can DAOs be sued by state and federal regulators, but – at least according to the CFTC – holders of governance tokens who participate in DAO governance can be held personally liable if the DAO violates any laws or regulations.
Although the Ripple case is getting a lot more attention, Grant Gulovsen believes “a judicial opinion in the LBRY case will have much more impact for people looking for clarity than the Ripple case. There are … many [more] projects that did similar things to what LBRY did compared to what Ripple did.”
Attorney Grant Gulovsen shares his thoughts on Tether’s recent treasury disclosure, how it looks compared to other stablecoins, rumors about bank fraud allegations, what actually can happen if USDT loses its peg to the U.S. dollar, and more.
Attorney Grant Gulovsen appeared in several #cryptocurrency-related news articles this month, sharing his thoughts on #NFTs, the SEC v. #LBRY case and #BitClout:
Attorney Grant Gulovsen offered commentary in Coindesk about the impact that lack of regulatory clarity about Ethereum 2.0 and masternodes…