According to Decrypt, the federal court for the Northern District of California ruled that Lido DAO can be considered a general partnership, and its members must bear legal responsibility for its operational actions. The court dismissed Lido's claim that it is a non-legal entity, determining that Lido participants profit from governance and operations and cannot evade responsibility due to the decentralized structure. The ruling pointed out that members holding Lido governance tokens (LDO) profit from decision-making and staking rewards, constituting the nature of a partnership. Furthermore, although Lido did not directly sell tokens, its promotion and marketing of tokens through cryptocurrency exchanges were deemed as securities sales, and it must still bear legal responsibility. This case sets a new judicial precedent for the legal status of decentralized autonomous organizations (DAOs) and the responsibilities of their members.