Wyoming Bill Granting Crypto DAOs Legality Nears Approval
Wyoming Bill Granting Crypto DAOs Legality Nears Approval Landmark legislation allowing decentralized autonomous organizations to set up in Wyoming has passed the Senate Committee stage. In brief A bill to recognize DAOs as companies has passed through the Senate Committee stage in Wyoming. The legislation would make it easier and cheaper to set up a DAO and give legitimacy to many cryptocurrency projects. The US state of Wyoming came one step nearer to making history on Tuesday when its Senate Committee members approved a bill that would allow decentralized autonomous organizations (DAOs) ...
Source: decrypt.co