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Overview
DAOs, or decentralized autonomous organizations, are the latest trend in the crypto community. A DAO allows a group of people to form an entity and make decisions jointly, executing their decisions through blockchain-based smart contracts, rather than rely on a centralized governance structure. Surging in popularity among technology entrepreneurs and investors, DAOs have the potential to disrupt the traditional economic system as they become active investors and lenders. But, they also raise significant issues of securities, tax, and corporate law. Our lawyers will tease out these issues and discuss how the growth of DAOs may impact your business.
Please join O’Melveny & Myers LLP Fintech partners, William K. Pao, Scott Sugino, Wenting Yu and counsel Billy Abbott as they discuss:
- The characteristics and mechanics of DAOs [5 minutes]
- How DAOs are functioning in the market and several real-world examples [10 minutes]
- Potential legal structures of DAOs [20 minutes]
- Regulatory Enforcement Actions [10 minutes]
- US tax considerations [15 minutes]
Program Level: Update
Prerequisites: None
Advanced Preparation: None