OpenLaw plans to launch a compliance DAO project to pave the way for legality in similar projects

In 2016, a hacker attack cost “The DAO” about $60 million. Since then, developers have been reluctant to launch new projects similar to it, and the encryption community has always been concerned about whether the “profit-oriented DAO is legitimate”. Have doubts. But blockchain startup OpenLaw announced a new vision around the DAO project earlier this month, focusing on compliance. OpenLaw declares in its blog that it will help restore the original vision of DAO in a manner consistent with US law. OpenLaw's so-called "Limited Liability" (LAO) is designed to comply with the guidelines established by the US Securities and Exchange Commission (SEC) after the hacking of DAO in 2016, paving the way for other DAO projects to gain legitimacy.