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coinpedia 2024-11-20 05:24:34

California Court Holds Lido DAO Members Liable Under Partnership Laws

The post California Court Holds Lido DAO Members Liable Under Partnership Laws appeared first on Coinpedia Fintech News A California federal court has ruled that Lido DAO, the decentralized body behind the Lido staking protocol, operates as a general partnership, making its participants liable under state laws. The decision rejected Lido’s argument of being a non-legal entity, stating that its governance structure and token-holder involvement qualify it as a profit-driven partnership. This ruling …

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