How is MakerDAO Not Shutdown?
How is MakerDAO Not Shutdown?
Obviously its a DAO and there is no centralized point where it can be shutdown. But why hasn’t the authorities pressured their Founder, or their major investors like a16z (Andreessen Horowitz) who is a US citizen.
The company clearly violates AML/KYC, and the Bank Secrecy Act. They are not registered as a Money Service Business. I doubt they report any Suspicious Activity Reports to the FinCEN and so on.
Just like how Binance CEO was recently indicted, why wont they go after major investors or founders? Or will they?
(I’m obviously not upset, just wondering)
Maker and Rune are pretty chill in the overall space of DeFi and even web3.
Rune has pretty good takes for how long he has been in the space; and what he wants to achieve.
I would not consider Maker a nefarious DAO/project, although there are many out there.
Regulatory gray area. Decentralized setups are hard to pin down. Give it time, they might catch up.