[Blockchain News] According to BlockBeats, the Lido community recently launched a voting proposal to respond to a pending class action lawsuit against Lido DAO. It is reported that a private plaintiff filed a class action lawsuit numbered 3:23-cv-06492 in the United States District Court for the Northern District of California, listing Lido DAO as a defendant, accusing it of offering or selling securities to the public in violation of securities laws. 😮

The court ruled on June 27 that the plaintiff's service of legal documents to Lido DAO by public release was legal, and required Lido DAO to respond within 14 days, otherwise it would face a default judgment on the plaintiff's claim.

Therefore, the Lido community proposed this proposal, proposing to appoint and fund Dolphin CL, LLC ("Dolphin"), a limited liability company located in Delaware, to hire legal counsel (currently expected to be Brown Rudnick led by partner Stephen Palley) without recognizing and explicitly disagreeing that Lido DAO is a partnership, association or other legally identifiable group or entity. The funding amount requested for the proposal is 200,000 DAI, which is expected to be sufficient to cover the services of Dolphin and its legal counsel to draft, file, and argue a motion in support of dismissing the lawsuit involving Lido DAO.

This case has important implications for Lido DAO and the entire blockchain industry. What do you think about this? Feel free to speak out in the comments section and discuss together!