ON DUNAS AND BORGS

Summary from the TLDR Crypto newsletter

This thread lays out two new crypto law concepts that were recently introduced - DUNAs (Decentralized Unincorporated Nonprofit Associations) and BORGs (Cybernetic Organizations). DUNAs are intended to grant legal personhood to DAOs, allowing them to contract, sue, and pay taxes under US tax law. BORGs are legally wrapped multisigs that limit liability while setting parameters for their activities. Experts suggest these concepts, while not universal solutions, add to the growing toolkit for managing DAOs within a legal framework.