Video version of this show is available at https://www.missiondefi.com/daos-as-cooperatives
Did you form a DAO without registering an entity? You are likely personally liable if you did.
Even if you registered an entity like an LLC for your DAO, you very likely are going to face regulatory compliance issues if you haven't had legal help to navigate.
The regulatory picture in the US for DAOs is murky at best, but there is one way to make things potentially clearer and safer for everyone involved. Cooperatives have been around for a very long time and are an excellent match to many of the DAOs that exist today. In this episode attorneys Yev and Jacqueline that are experts in cooperative and crypto regulatory compliance make the case that a cooperative registration in Colorado may be a superior way to setup a DAO.
Besides being a strong philosophical match for the purpose of DAOs, they can also provide securities exemptions and more. We get into the how and why of cooperatives.
Jacqueline R. Radebaugh
This is not legal advice. Our guests are not your attorneys. If you need legal advice consult with a qualified attorney.
This is not financial advice. Nothing said on the show should be considered financial advice. This is just the opinions of Brad Nickel and our guests. None of us are financial advisors. Trading, participating, yield farming, liquidity pools, and all of DeFi and crypto is high risk and dangerous. If you decide to participate, do your own research. Never count on the research of others. We don't know what we are talking about and you can lose all your money. Never invest more than you can afford to lose, because you probably will lose it all.
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