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Wyoming To Recognize DAOs As Limited Liability Companies This July Source: Adobe/Marcin Wyoming is set to recognize decentralized autonomous organizations (DAOs) as a new type of limited liability companies starting July 1, potentially paving the way for accelerated adoption of its stance in other states across the US. The stateâs bill will allow extending both state and federal recognition to DAOs, similarly to those enjoyed by other businesses. The latest development was welcomed by Caitlin Long, CEO and Founder of forthcoming digital asset-focused bank Avanti, who praised Wyomingâs authorities for building on the stateâs history of âinventing the LLC, which all other states followed roughly a decade later.â ....
The Creator Economy, NFTs And Marketing forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
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. ....
DAO Investing in NFTs Raises $1.3M From Crypto VCs yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.