United States of America: Implementated Senate Bill 780 including recognition of decentralized autonomous organizations as LLCs
Description
Implementated Senate Bill 780 including recognition of decentralized autonomous organizations as LLCs
After the signature of the governor, the Wyoming Senate Bill 38 becomes state law (chamber number 162). The bill aims to clarify the legal status of decentralized autonomous organisations (DAOs). DAOs are online collectives of investors making shared decisions relying on smart-contract technology, and the Bill aims to recognise them as limited liability corporations (LLCs).
Original sourceScope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
DLT development
Implementation Level
subnational
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
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2021-01-12
under deliberation
2021-03-17
under deliberation
2021-04-02
adopted