Recently, there has been news that one of the DAO governance platforms is shutting down, and the CEO's comments on this have become a hot topic. It was quite an interesting discussion.

The head of this platform mentioned the regulatory environment under the previous Fed Chair and the Biden administration, stating, "That era was still better for the cryptocurrency industry." In other words, they are implicitly suggesting that the current regulatory environment has become more stringent.

DAO, or Decentralized Autonomous Organization, was originally expected to be a new form of governance using blockchain technology. By utilizing DAO mechanisms, it was supposed to enable democratic decision-making by community participants rather than traditional centralized organizational management. However, the fact that such platforms are shutting down one after another is undoubtedly heavily influenced by tightening regulations.

Even with DAOs, ultimately, they need to operate within legal frameworks, and relations with U.S. regulatory authorities are becoming particularly challenging. This shutdown news seems to symbolize not just a single company's issue but reflects the broader regulatory environment changes facing the entire industry.

While the basic understanding of what DAOs are has become more widespread, the actual legal and regulatory hurdles to making them function are increasing. It will be worth watching how these decentralized governance platforms evolve or are reorganized in other forms in the future.