According to the Snapshot governance page, the Lido community voted to approve the "designated entity to respond to pending class action lawsuits against Lido DAO". The proposal stated 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, a general partnership" as the defendant. In the complaint, Lido DAO was accused of being a "general partnership operating an Ethereum staking business", and LDO tokens or LDO token transactions were accused of being securities or securities transactions, and Lido DAO was accused of offering or selling these securities to the public in violation of securities laws.

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