Outgoing French Lawmaker Calls for Fossil-Based Crypto Mining Ban, DAO Legal Status

“In 2018, no one could have foreseen the developments in a sector that only let us see on the surface simple promises on projects that were often shaky,” he said, calling for a “paradigm evolution” to give DAOs – the bodies which develop applications in decentralized finance (DeFi) – legal recognition alongside other corporate entities, and also give new legal status to NFTs.