DAO-Specific Legislation Isn’t Needed Yet, Existing Rules Apply, Law Commission of England and Wales Says

“We do not, at least at this relatively early stage in the development of DAOs, recommend the development of a bespoke legal framework for DAOs in England and Wales,” it wrote. “This is largely because there is no consensus on what a DAO is, how it should be structured, or what a DAO-specific entity could or should look like.”