I assume none of the existing regulations or laws that involve public companies apply to DAOs? Like can you pool the money and then do nothing or go against what was agreed upon?
You assume wrong. The things regulators have authority over are rather broadly defined, and the regulators will and have rather eagerly pursue novel attempts to avoid regulation. The best that one running such things could hope for is a period of indecision.
This though seems pretty cut and dry “is a security” and all sorts of compliance will apply early.
This though seems pretty cut and dry “is a security” and all sorts of compliance will apply early.