Cryptocurrencies have enabled the creation and establishment of decentralized autonomous organizations (DAO’s). DAO’s can effectively be a new form of business and organization that is easy to be a part of and mutually benefit from. They also have the potential to benefit many members of society and transform society. Organizations are groups of people cooperating together to achieve some small, medium, large, or monumental goal, purpose, or task. There can be nearly an infinite number of potential DAO’s.
Are outdated and now unjust laws related to securities harming the potential future of cryptocurrency and blockchain adoption, and also harming the potential for a future of increased abundance and prosperity for all of humanity?
Are many laws related to securities that are preventing non-accredited investors from purchasing tokenized assets unconstitutional? Could parts of our US Constitution about free speech and freedom of association apply here?
Can decentralized autonomous organizations (DAO’s) that provide useful goods and services to consumers and then provide dividends back to many stakeholders (accredited and non-accredited) legally exist? DAO’s like this should be able to exist.
What do you think? Are there any lawyers that could attempt to fairly and justly utilize the judicial system to enable peaceful groups of people to tokenize assets and businesses in a way that is nearly frictionless to affiliate, participate, and associate with?
Will DAO’s that deliver dividends to many stakeholders become common and ubiquitous in 5 years? 10 years?