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Cryptocurrency is Coming to Wyoming
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This led to the American CryptoFed to become the first DAO in the state, which plans to allow people to use the company s cryptocurrency, Ducats, instead of US dollars to purchase products.
Representative Jared Olsen, of House District 11, said the law allows for a limited liability company (LLC) to be established with bylaws implemented by an algorithm, rather than needing a human to be present.
Olsen said the law requires DAOs to have an office or representative in Wyoming, a measure to help keep the DAOs in the state, but that it could still run into similar issues LLCs can have of having one person in the state, but the rest of the company somewhere else.
WyomingUnited-statesMarian-orrJoe-raedleJared-olsenChris-rothfussAmerican-cryptofedHouse-districtவயோமிங்ஒன்றுபட்டது-மாநிலங்களில்மரியன்-ர்