Are decentralized autonomous organizations legal?

Good day, everyone. I'm here to pose a question that's been on many people's minds lately: are decentralized autonomous organizations, also known as DAOs, legal? These organizations operate without a traditional hierarchical management structure and are run by smart contracts on blockchain networks. With the growing popularity of cryptocurrencies and blockchain technology, it's important to understand the legal implications of DAOs. So, can anyone here shed some light on the legal status of these decentralized autonomous organizations?