Can a DAO Go to Court? According to Two DAO Legal Experts… Probably - Ep.254

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 13 July 2021

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

Aaron Wright, co-founder of OpenLaw and Professor at Cardozo Law, and Ross Campbell, SushiSwap core developer and LexDAO contributor, discuss the latest breakthroughs and legal implications in the burgeoning world of DAOs. Show highlights: how Aaron and Ross fell down the crypto rabbit hole whether a DAO, like Curve, could sue to protect its IP when a governance token might be considered a security who owns the copyright to a DAO how SushiSwap handles its open-source licenses why Ross views Uniswap’s business license as a good thing what an DAO is and how the idea stems from Bitcoin how Wyoming’s DAO law works what makes a Wyoming DAO different from a DAO registered as a Delaware LLC how an algorithmically managed DAO might work in the future why Aaron thinks a DAO should not be allowed to be manager-managed why wrapping a DAO into an LLC could be advantageous the difference between private and public ordering Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2 Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero Conjure: https://conjure.finance Episode Links People Ross Campbell Social Twitter: https://twitter.com/r_ross_campbell Medium: https://medium.com/@rosscampbell9 Career OpenLaw: https://www.openlaw.io/ LexDAO: https://lexdao.substack.com/people/867851-ross-campbell SushiSwap: https://app.sushi.com/swap Aaron Wright Social Twitter: https://twitter.com/awrigh01 Career OpenLaw: https://www.openlaw.io/ Cardozo Law: https://cardozo.yu.edu/directory/aaron-wright Content The Rise of DAOs: https://stanford-jblp.pubpub.org/pub/rise-of-daos/release/1 DAO Information Basics: https://ethereum.org/en/dao/ https://1729.com/daos Kain Warwick: DAO First Capital Formation https://blog.synthetix.io/dao-first-capital-formation/ https://twitter.com/kaiynne/status/1287961077041393664 DAO Stats https://deepdao.io/ Wyoming: https://www.wyoleg.gov/2021/Engross/SF0038.pdf https://lexnode.substack.com/p/wyomings-legal-dao-saster https://twitter.com/prestonjbyrne/status/1370002015644962816?s=20 https://www.coindesk.com/wyoming-dao-llc-law-passed https://twitter.com/lex_node/status/1407668599205027843?s=20 https://decrypt.co/75222/americas-first-dao-approved-in-wyoming Delaware: https://ricardian.gitbook.io/ricardian-llc/is-ricardian-legal Curve IP: https://gov.curve.fi/t/cip-xx-enforce-curves-ip-rights/1890 https://www.theblockcrypto.com/post/108561/the-first-dao-lawsuit-proposal-asks-if-curve-should-protect-its-ip https://www.coindesk.com/curve-dao-contemplates-its-intellectual-property https://twitter.com/SamMiorelli/status/1405141398479847426 https://twitter.com/lex_node/status/1405251782574497799 Uniswap V3 https://www.coindesk.com/uniswap-v3-introduces-new-license-to-spoil-future-sushis https://twitter.com/jchervinsky/status/1374738548239314951 https://defiprime.com/uniswap-v3-explained Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi, everyone. Welcome to Unchained, your no-hi resource for all things crypto. I'm your host,
0:07.7	Laura Shin, a journalist with over two decades of experience. I started covering crypto six
0:12.3	years ago, and as a senior editor at Forbes was the first mainstream media reporter to cover
0:16.3	cryptocurrency full-time. This is the July 13th, 2021 episode of Unchained. My book, The Cryptopians,
0:23.2	Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze is available for
0:28.0	pre-order on Amazon, Barnes Noble, or any of your favorite bookstores. Go to bit.ly slash
0:32.8	cryptopians. That's b-i-t dot l-y slash c-r-y p-t-o p-i-a-n-s. And pre-order today.
0:41.6	Conjure brings any asset you want onto Ethereum by allowing for users to create synthetic assets
0:46.4	which track other markets. With zero interest loans and unlimited assets, it's helping DeFi to consume
0:52.0	tradfie. That's c-o-n-j-u-r-e dot finance. Check it out.
0:58.0	The Crypto.com app lets you buy, earn, and spend crypto all in one place. Earn up to 8.5% interest
1:05.1	on your bitcoin, and 14% interest on your stablecoins. Paid weekly. Download the Crypto.com app and
1:11.9	get $25 with the code Laura. The link is in the description. TASOS is smart money. That's redefining
1:19.2	what it means to hold an exchange value in a digitally connected world. Discover how people
1:24.2	are reimagining the world around you on TASOS. Today's topic is legal issues with DAOs. Here to
1:32.0	discuss our Aaron Wright co-founder of OpenLaw and professor at Cardozo Law and Ross Campbell,
1:37.5	core developer and sushi swap and contributor at LexDow and OpenLaw. Welcome Aaron and Ross.
1:43.6	Happy be here. Thanks so much for having us Laura. Excited to dig in. Before we dive into this
1:50.6	very intellectually meaty episode that has actually kind of been a flashpoint for the crypto
1:55.7	community over the last year or so, let's start by having you each describe your experience in
2:00.6	crypto and with crypto legal issues. Aaron, why don't we start with you? Sure. So thanks again Laura.
2:09.0	I'm a professor at Cardozo Law. I fell down the Bitcoin rabbit hole very early about 2011,
	...

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