US Judge Warns of Potential Legal Liability Associated with Governance Tokens
In recent years, the rise of decentralized finance (DeFi) has led to the emergence of governance tokens. These tokens allow holders to participate in the decision-making process of a decentralized autonomous organization (DAO) or other decentralized platform. While governance tokens offer exciting opportunities for community-driven decision-making, they also come with potential legal liabilities.A recent warning from a US judge highlights the potential legal risks associated with governance tokens. In a case involving a dispute over the ownership of a DAO, the judge noted that governance tokens could be considered securities