Wyoming One Step Closer To Passing Landmark DAO Law

Wyoming lawmakers came closer to putting a law into place that would grant company status to decentralized autonomous organizations (DAOs).

At the Wyoming Legislature’s Corporations, Elections & Political Subdivisions Meeting, the Senate approved Bill 38, introduced in January, through the first committee hearing.

The bill wants to make DAOs recognized by state authorities and grant them the ability to form as limited liability companies (LLCs).

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