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DAOs are fundamental to the success of web3, yet they're shrouded in legal uncertainty with no consensus about a path to legitimacy.

Today, @Dave_M_Kerr and I published Part II of our Legal Framework for DAOs to chart a definitive way forward. #LFDAOs!👇
1/ In Part I, we provided a comprehensive review of the US regulatory and tax challenges that threaten the existence of DAOs.

We also explored a potential solution to many of those issues, the Unincorporated Nonprofit Association (UNA) entity structure.
2/ Even though Part I was published 8 months ago, DAOs still face the same challenges we covered in that paper. In addition, as new use cases for DAOs have surfaced, so too have new challenges.

But fear not! We have answers.
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