Miles Jennings, general counsel at a16z Crypto, called it a “major breakthrough” that will give the groups “much-needed protections and empower them to keep blockchain networks open,” according to a blog entry posted Friday. This new recognition as “decentralized unincorporated nonprofit associations” (DUNAs) will help the blockchain stewards ensure “that the network remains open, that it does not discriminate and that it does not unfairly extract value,” Jennings contends.
Related posts
-
SEC Closing Salt Lake Regional Office After Failed Legal Battle Against Crypto Firm
The U.S. Securities and Exchange Commission (SEC) has announced... -
Coinbase’s Legal Chief: SEC Is Bent on Choking the Digital Asset Industry
Coinbase’s chief legal officer, Paul Grewal, announced that the... -
Wyoming Senator Cynthia Lummis Castigates US President Joe Biden’s Veto
U.S. Senator for Wyoming Cynthia Lummis has castigated President...