Wyoming Grants DAOs New Legal Structure

By Jesse Hamilton. (CoinDesk). 3/8/24.

  • Wyoming has extended its legal framework for DAOs even further, setting up a new nonprofit status.
  • A16z says it’ll encourage the DAOs it’s associated with to establish themselves in that state.

Wyoming has established a new legal framework for in-state decentralized autonomous organization (DAO) nonprofits that has crypto investment giant Andreessen Horowitz (a16z) calling the state an “oasis.”

Gov. Mark Gordon signed a bill into state law that adds to Wyoming’s growing codes for DAOs, which were already cleared to establish themselves as limited-liability corporations there. Now DAOs can also secure themselves as unincorporated nonprofit associations.

Read more here: CoinDesk.