Foresight News reports that a U.S. federal court judge ruled that the management entity of the liquid staking agreement, Lido DAO, is considered a general partnership under state law, rejecting Lido's claim that it is not a legal entity, stating that "because it involves two or more persons jointly conducting a for-profit business as co-owners, a partnership is formed, regardless of whether those persons intend to form a partnership," and indicated that Paradigm Operations, Andreessen Horowitz, and Dragonfly Digital Management have been accused of being general partners due to their alleged involvement in Lido governance and operations.