United States of America: Adopted Senate Bill 780 including recognition of decentralized autonomous organizations as LLCs
Description
Adopted Senate Bill 780 including recognition of decentralized autonomous organizations as LLCs
The Wyoming Senate Bill 38 is passed in both chambers and headed for signature to the governor. 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