Odaily Odaily that Tally, a DAO infrastructure provider, has announced its closure. The platform had been operating for six years. CEO Dennison Bertram stated that the strict regulatory environment under the Biden administration, when SEC Chairman Gary Gensler was in charge, had previously driven projects to use DAOs for decentralized governance to reduce legal risks. However, the current more relaxed regulatory environment has made DAO governance less necessary, thus reducing the demand for governance tools. (CoinDesk)
DAO infrastructure provider Tally announces closure
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