DAO infrastructure provider Tally announces closure

Odaily news DAO infrastructure provider Tally has announced its closure. The platform had been operational for six years. Its CEO, Dennison Bertram, stated that the strict regulatory environment under the Biden administration, led by former U.S. SEC Chairman Gary Gensler, had previously driven projects to adopt DAO-based decentralized governance to mitigate legal risks. However, the current regulatory environment has become more relaxed, making DAO governance no longer a necessary choice, thereby diminishing the demand for governance tools. (CoinDesk)