United States of America: Civil lawsuit on liability for decentralized autonomous organizations (Sarcuni v. bZx DAO)
Progress
Current status
in force
27 Mar 2023 in force
Scope
Implementers
United States of America
Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
DLT development
Government Branch
executive
Government Body
court
Implementation Level
national
Timeline of events
Issued ruling in civil lawsuit on liability for decentralized autonomous organizations (Sarcuni v. bZx DAO)
On 27 March 2023, a US federal district court in California issued a ruling finding that decentralized autonomous organizations (DAOs) may be considered general partnerships if certain criteria are met, potentially making all DAO members jointly and…
SourceEvent type
civil lawsuit
Action type
ruling
Government branch
executive
Government body
court