Wyoming's DAO Statutes

Decentralized Autonomous Organization (DAO)

Amended statutory provisions regulating DAOs became effective March 9, 2022. ... Do I have to live in Wyoming to register a DAO? ○ No. You can register a ...

2021 - SF0038 - Wyoming Legislature

(a) The Wyoming Limited Liability Company Act applies to decentralized autonomous organizations to the extent not inconsistent with the provisions of this ...

Wyoming Decentralized Autonomous Organization Supplement

(b) This chapter does not repeal or modify any statute or rule of law that applies to a limited liability company that is organized under the Wyoming Limited ...

Wyoming Adopts New Legal Structure for DAOs

A DAO must have and maintain at least 100 members to qualify for DUNA status. Member Duties: a member shall not have any fiduciary duty to a ...

2022 - SF0068 - Wyoming Legislature

(a) The Wyoming Limited Liability Company Act applies to decentralized autonomous organizations to the extent not inconsistent with the provisions of this ...

Wyoming LLC as a DAO Legal Wrapper: What You Need to Know

The Wyoming DAO LLC is a relatively new type of entity introduced in March 2021 by the passing of a DAO Supplement in the Wyoming senate. An LLC needs to have a ...

Wyoming Grants DAOs New Legal Structure - CoinDesk

Wyoming has established a new legal framework for in-state decentralized autonomous organization (DAO) nonprofits.

Wyoming's DUNA Law – A Legal Framework for Non-Profit DAOs ...

In July 2021, Wyoming became the first state to promulgate legislation to specifically permit the formation of DAOs (DAO Supplement). The law is ...

Wyoming's DAO Statutes - Eleven Journals

This article addresses Wyoming's novel statutory framework, securities regulation in this context, the practicality of treating DAOs as. LLCs, and the first DAO ...

Wyoming passes law to give DAOs a nonprofit legal framework

This provides a framework for DAOs of at least 100 members to become unincorporated nonprofit associations. The new law will go into effect July ...

Wyoming DAOs as LLCs | Counsel for Creators LLP

Wyoming law recently became the first state to allow DAOs to register and operate in the state as limited liability companies.

Wyoming passes law granting DAOs legal status - Cointelegraph

According to the new law, a DUNA is a separate legal entity from its members, meaning that the DAO can be held liable without implicating its ...

Wyoming Passes DAO Supplement Recognizing Decentralized ...

By adopting the Wyoming Senate Bill 38 (the DAO Supplement), Wyoming became the first state to regulate DAOs and to recognize them as a form of limited ...

Decentralized Autonomous Organizations: To Statutorily Organize or ...

Since the Wyoming statute provides a DAO's articles of organization ... the shadows or organize in states without specific DAO statutes.97.

Part II: With New DAO Law on the Books, Utah Joins Race with ...

The WY Law establishes default rules for DAO membership. ... Thus, unlike LLCs, which generally require written agreements when their membership ...

DAOs vs Nation States: A Wyoming DAO's Experiment with the U.S. ...

The United States' characteristics of decentralization and autonomy enable DAOs to emerge from and coexist with the existing US laws and ...

Wyoming Paves Way for DAO Legal Company Status

Wyoming Paves Way for DAO Legal Company Status · DAO LLCs must maintain a registered agent in the state of Wyoming. · The legal name for the DAO ...

Wyoming wants to become the Delaware of DAOs with new crypto ...

On Thursday, Wyoming's Republican governor, Mark Gordon, signed into law the Decentralized Unincorporated Nonprofit Association Act, ...

Wyoming Amends DAO Legislation Enabling DAOs to Dictate ...

On March 9, Wyoming amended the Decentralized Autonomous Organizations (DAO) Supplement (Supplement), which permits decentralized autonomous ...

Wyoming takes a step ahead to clarify the legal status of ... - DLA Piper

The bill makes it clear that it does not repeal or modify any statute or rule of law that applies to a limited liability company (LLC) that is ...