Tally CEO Claims Gensler and Biden Were Better for Crypto as DAO Platform Shuts Down

The CEO of Tally, a prominent DAO governance platform, has made a striking statement as the company announces its shutdown. He asserted that the regulatory environment under SEC Chair Gary Gensler and President Joe Biden was ultimately "better for crypto" than the current climate. This shutdown highlights the ongoing challenges within the decentralized autonomous organization (DAO) and Web3 governance sector. The CEO's comments point to a complex relationship between the crypto industry and regulation, suggesting that clear, albeit strict, rules can be preferable to uncertainty. The closure of Tally raises questions about the sustainability of some crypto governance models and the impact of shifting U.S. regulatory approaches on blockchain innovation and DAO tools.