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United States of America: Introduced Senate Bill 780 includes the recognition of decentralized autonomous organizations as LLCs

Policy overview

Description

Introduced Senate Bill 780 includes the recognition of decentralized autonomous organizations as LLCs

The Wyoming Senate Bill 38 is introduced, aiming 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 source

Scope

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

The Wyoming Senate Bill 38 is introduced, aiming to clarify the legal status of decentralized auton…

2021-03-17
under deliberation

The Wyoming Senate Bill 38 is passed and sent to the Wyoming House. The bill is aiming to clarify t…

2021-04-02
adopted

The Wyoming Senate Bill 38 is passed in both chambers and headed for signature to the governor. The…

2021-04-21
adopted

After the signature of the governor, the Wyoming Senate Bill 38 becomes state law (chamber number 1…