Patrick Daugherty Quoted on DAO Mergers

Foley & Lardner LLP Partner Patrick Daugherty was quoted in the Mergermarket article, “DealTech: DAOs dip toes into M&A, scope for advisors to get involved,” about crypto-based startups called decentralized autonomous organizations (DAOs) that are beginning to gain M&A experience.

"More mergers involving DAOs are coming," said Daugherty, and "there are not enough lawyers involved yet to iron out the potential issues that may arise in such deals." For instance, "U.S. tax rules are demanding" and DAOs are increasingly on the radar of governments.

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