DAO infrastructure provider Tally announces shutdown

Odaily News: DAO infrastructure provider Tally has announced its shutdown after six years of operation. CEO Dennison Bertram stated that during the Biden administration, the strict regulatory environment under 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 reducing the demand for governance tools. (CoinDesk)