RE: SEC Bulletin on The DAO and Crypto ICOs - Concludes Many are Securities, Subject to Federal Securities Laws

[papotus]

So who would be accountable for a Dao?

Comments

[thebeachedwhale]

The Ethereum Foundation handled the attack in a manor that was acceptable to the SEC last year.

Vitalik Buterin and his team forked the Ethereum chain and refunded the users the Ether (ETH) that they contributed to The DAO smart contract (although it had lost value in USD).

For those who didn't approve of this decision, they maintained their stake via the Ethereum Classic chain.