Recent Wyoming DAO Bill Empowers Crypto Communities for Legal Recognition

Friday, 8 March 2024, 20:31

Wyoming's newly implemented legislation extends legal status to blockchain-based communities, granting them the flexibility to operate under taxation laws with limited liability. a16z General Counsel Miles Jennings and Cowrie Principal David Kerr underline the significance of the latest framework in supporting decentralized unincorporated nonprofit associations, marking a significant step towards legitimizing the crypto landscape.
https://store.livarava.com/21ec9274-dd8b-11ee-9656-5254a2021b2b.jpe
Recent Wyoming DAO Bill Empowers Crypto Communities for Legal Recognition

Wyoming's New DAO Bill Gives Crypto a Boost to Sweep Out Internet Incumbents

A new framework for decentralized unincorporated nonprofit associations give blockchain-based communities legal existence, the ability to pay taxes, and limited liability. a16z General Counsel Miles Jennings and Cowrie Principal David Kerr write.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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