"Wyoming governor Mark Gordon approved a March 7 state bill acknowledging decentralized autonomous organizations (DAOs) as legal entities under the Decentralized Unincorporated Nonprofit Association Act (DUNA). The law will come into effect on July 1."

  • Quote

Name

"Wyoming governor Mark Gordon approved a March 7 state bill acknowledging decentralized autonomous organizations (DAOs) as legal entities under the Decentralized Unincorporated Nonprofit Association Act (DUNA). The law will come into effect on July 1."

Types

Quote

Author

Naga Avan-Nomayo

Source

crypto.news

Source URL

https://crypto.news/wyoming-bill-dao-legal-entities/

Topics

Wyoming approves legislation granting DAOs legal recognition

Referenced by

Wyoming's law is seen as a major breakthrough for blockchain innovation, offering a model for other jurisdictions to follow in recognizing and facilitating the operation of DAOs within a legal framework.

US Politics

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