In this episode recorded at DevConnect in Buenos Aires, I sit down with Eugene Leventhal (researcher at Metagov, podcaster at Governance Futures, new head of governance at Octant) to discuss the current crisis in crypto governance. The general feeling is that governance has been declared dead, foundations are being pushed aside, and the decentralization theater is being abandoned now that Trump’s election has lifted compliance pressure.
Eugene unpacks what he calls the “original sin of DAOs” (most were created purely for regulatory cover) and why most failed. But it’s not all doom, we discuss the few projects still genuinely committed to decentralization, institutional interest in deliberative tooling, and why work on transparency and democratic innovation still matters, even as the industry pivots toward unregulated founder worship.
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