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) to incorporate in the state. The DAO bill now goes to a vote in the Senate, and then the House. If all is well, it’s then signed into law.