Wyoming's legislation uniquely positions the state as a pioneer in granting DAOs legal recognition, aiming to create a supportive environment for blockchain innovation.

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Wyoming's legislation uniquely positions the state as a pioneer in granting DAOs legal recognition, aiming to create a supportive environment for blockchain innovation.

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"Wyoming has taken a groundbreaking step in the blockchain and cryptocurrency domain by enacting a law that grants legal recognition to Decentralized Autonomous Organizations (DAOs)."
"Wyoming has become the first US state to grant legal recognition to Decentralized Autonomous Organizations (DAOs)."
"This week, Wyoming passed a new law to recognize DAOs as legal entities, enabling blockchain networks to operate within the bounds of applicable laws without compromising their decentralization."
"The governor signed a law setting up a legal status – 'decentralized unincorporated nonprofit associations' – for DAOs there...

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Legal recognition of DAOs