---
type: claim
title: Futarchy governance could enable markets to directly set organizational policy
domain: grand-strategy
confidence: likely
date_claimed: 2023-09-10
source: "Robin Hanson's futarchy papers; Vitalik Buterin governance essays"
---

[Original content preserved]

### Additional Context: GENIUS Act regulatory template (March 2025)

The GENIUS Act's approach to stablecoin regulation suggests a potential template for futarchy-governed vehicles. By creating a statutory category that separates payment instruments from securities based on functional characteristics (no yield, 1:1 redemption, specific backing requirements), the Act demonstrates that regulatory creativity is possible for crypto-native structures.

**Inference, not evidence**: The Act does not address futarchy or prediction market governance. However, the precedent of function-based classification (rather than technology-based prohibition) suggests that futarchy vehicles with clear governance boundaries and no profit-sharing might achieve similar regulatory separation from securities law.

This remains speculative until tested through regulatory guidance or case law. The [[Ooki DAO proved that DAOs without legal wrappers face general partnership liability]] precedent indicates that novel governance structures still require careful legal structuring.

Source: [[genius-act-establishes-payment-stablecoins-as-non-securities-under-federal-law]]