“In 2018, no one could have foreseen the developments in a sector that only let us see on the surface simple promises on projects that were often shaky,” he said, calling for a “paradigm evolution” to give DAOs – the bodies which develop applications in decentralized finance (DeFi) – legal recognition alongside other corporate entities, and also give new legal status to NFTs.
Source: https://www.coindesk.com/policy/2022/06/08/outgoing-french-lawmaker-calls-for-fossil-based-crypto-mining-ban-dao-legal-status/?utm_medium=referral&utm_source=rss&utm_campaign=headlines