Wyoming to Implement Legal Framework for DAOs with Crypto Law

Wyoming to Implement Legal Framework for DAOs with Crypto Law
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Mark Gordon, the governor of Wyoming, signed the DUNA Act on March 7 and it will be effective from July 1, which pertains to DAOs.
Wyoming has released a law to legally recognize decentralized autonomous organizations (DAOs). Mark Gordon, the governor of Wyoming, signed the Decentralized Unincorporated Nonprofit Association Act (DUNA) into law. It marked a remarkable moment in the legal and regulatory landscape for blockchain and digital assets. This new bill will be effective on July 1, 2024.
Wyoming’s Take on Adoption of Crypto
The state of Wyoming has always desired to become a major hub or center for blockchain technology and crypto companies. It wanted to achieve a position like Delaware has in the corporate world. 
Implementing this new law is a component of a broader attempt to attract blockchain companies and innovators to the state by giving them structured legal frameworks and supportive regulatory environments.
This act reflects Wyoming’s proactive strategy

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