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1inch DAO Votes to Hire Permanent Legal Counsel for Decentralized Nature Challenges

The decentralized autonomous organization (DAO) of 1inch, a decentralized exchange (DEX) aggregator, has voted to enlist permanent legal counsel from Geneva-based Web3 solutions provider Storm Partners. The decision was made to help 1inch address the legal challenges posed by its decentralized nature. On January 9, the 1inch DAO concluded a single-choice vote to acquire “comprehensive legal support” from Storm, which received overwhelming support from a majority of 96.45%. 1inch DAO, like other decentralized organizations, faces intricate legal challenges requiring legal assistance to navigate regulatory risks, protect stakeholder interests, and maintain operational resilience.

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