Crypto-Friendly Wyoming Officially Recognizes a DAO Wyoming is looking to cryptocurrency to create jobs and revenue July 9, 2021 Giphy Wyoming became the first US state to officially recognize a Decentralized Autonomous Organization (DAO) this week, its latest step to becoming the country’s most crypto-friendly place to live. To be specific, the Cowboy State announced that the American CryptoFed DAO is now an LLC. DAO 101: A DAO is any community that uses blockchain to govern itself without the intervention of a central authority. American CryptoFed’s mission, for instance, is to “create and sustain a monetary system with zero inflation, zero deflation, and zero transaction costs.”