Summary
TLDR: Bitcoin and decentralized autonomous organizations (DAOs) are not exempt from regulatory intervention, as shown by the SEC fining BarnBridge DAO for failing to register crypto securities. Despite claims of autonomy, authorities can still prosecute those involved in decentralized infrastructures, showing the limitations of claimed autonomy.
Key Points
1. Bitcoin should not be immune to regulatory intervention, as demonstrated by the SEC fining BarnBridge DAO for failing to register the offer and sale of crypto securities.
2. Decentralised autonomous organisations (DAOs) like BarnBridge may claim autonomy, but authorities can still hold administrators accountable for violations of regulations.
3. The belief that one is protected from law enforcement authorities in the world of cryptocurrency can be deceptive, highlighting the limitations of claimed autonomy.