# Wyoming One Step Closer To Passing Landmark DAO Law By Coinness Canonical URL: https://www.tokenpost.com/news/investing/7285 Published: 2021-03-10T03:46:03.000Z Updated: 2021-03-10T03:46:03.000Z Section: Investing > Wyoming lawmakers came closer to putting a law into place that would grant company status to decentralized autonomous organizations (DAOs). 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). [Coinness]() ## Links in this article - [Coinness](https://coinness.com)