Tally CEO: Gensler and Biden Were Better for Crypto as DAO Governance

Tally, a leading governance platform for over 500 crypto DAOs, is shutting down after six years. CEO Dennison Bertram attributes the decline to the easing of regulatory pressures under the Trump administration, which made decentralization optional. **Tally** powered on-chain governance for major DAOs like **Uniswap** and **Arbitrum**. The closure reflects a broader industry consolidation and the failure of the 'infinite garden' thesis. [[crypto|Crypto]] has not produced the vast ecosystem of consumer applications once envisioned and now competes with [[artificial-intelligence|AI]] for top talent and attention. The regulatory environment under **Gary Gensler**'s SEC effectively forced decentralization through legal risk, but the current administration's more permissive stance has undermined demand for tools like **Tally**. [[dao|DAOs]] are governed by decentralized autonomous organizations, where token holders vote on key decisions. However, participation is often low and decision-making slow, leaving a small group of active voters to steer billion-dollar systems.

• Tally is shutting down after six years due to the easing of regulatory pressures under the Trump administration
• The decline of DAOs may lead to a more centralized governance structure in the crypto industry
• The shutdown of Tally reflects a broader industry consolidation and the failure of the 'infinite garden' thesis
• The crypto industry should prioritize building more sustainable and scalable solutions while preserving the principles of decentralization
• The regulatory environment has a significant impact on the crypto industry and the future of DAOs

The shutdown of **Tally** is a reflection of the current state of the crypto industry, which is undergoing significant changes and consolidation. The decline of DAOs may be a natural evolution of the industry, as companies adapt to changing regulatory pressures and market forces. **Crypto** is still a relatively new and emerging field, and it is not surprising that the industry is experiencing growing pains. The shutdown of **Tally** may be a sign of a more mature industry, as companies begin to prioritize sustainability and scalability over ideology. [[crypto-regulation|Crypto regulation]] is still in its early stages, and the industry may need to adapt to changing regulatory pressures in the future.

The shutdown of **Tally** may be seen as an opportunity for the crypto industry to reassess its priorities and focus on building more sustainable and scalable solutions. The decline of DAOs may lead to a more efficient and effective governance structure, as companies adopt more traditional corporate structures. **Crypto** has the potential to revolutionize the way we think about governance and decision-making, and the current shift may be a necessary step towards achieving this goal. [[blockchain|Blockchain]] technology has the potential to increase transparency and accountability, and the industry may be moving towards a more hybrid model that combines the benefits of decentralization with the efficiency of traditional corporate structures.

The shutdown of **Tally** may be a sign of a broader decline in the crypto industry, as regulatory pressures and market forces undermine the principles of decentralization. The decline of DAOs may lead to a more centralized and less democratic governance structure, as companies adopt more traditional corporate structures. **Crypto** has the potential to increase inequality and concentrate power in the hands of a few individuals or companies. The shutdown of **Tally** may be a warning sign that the industry is losing its way and abandoning its core principles. [[decentralized-finance|DeFi]] has been a key area of growth in the crypto industry, but the decline of DAOs may undermine this growth and lead to a more centralized financial system.

Originally reported by CoinDesk